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#1
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Member
Join Date: Jul 2007
Posts: 86
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Pyramiding and trade management
wanted to hear your thoughts on the several ways a trader can add to a position, among which is pyramiding.
I understand pyramiding involves adding to a position from the base up. that is, you first buy 10 lots. Then, if the trade goes positive you add 7, 4, etc On the other hand, a fixed approach involves adding a fixed number of units. i.e. 5, then 5 and so on. which one would you recommend? it is apparent that you end up with smaller losers and winners when using a fixed approach....... any thoughts on this? | |
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