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For me this is the absolute most important skill to learn. Defo, the initial phase is the most critical, when you need to scale up aggressively and try to keep the stop as stop profit!
Thanks for these videos, I’ll appreciate every video on this topic. I don’t know why, but adding into winners seems to be pretty hard thing to do. Especially when my old problem was taking profits too early.
Repeat after me: "I AM NOT GETTING OUT OF THIS TRADE UNTIL PRICE HITS MY SL OR TP". Say this to yourself whenever you get an impulse to close early. Unless your intuition is guiding you, then you need to pre-occupy yourself when trades are going your way. Also another important thing to remember is that the accumalative effect of choppy trades off early is just slowly losing. Best of luck!
First few lines earned my like , I also used to think if I add to winning position, my entry price will get closer to market price, and the very next moment, a winning trade can become losing trade
I used to add to my losing position, it brings entry price close to market price ,and most of the time I made exit at no loss or some profit ( I always use hedge mode ) But few days back I lost 70% of my Capital due to this In desperation I increased the leverage to bring the entry price closer to market price and I lost all
Which way is better to play with stoplosses, what i mean is treat every adding as a seperated trade with seperated stoploss or combine everything with each adding and move stoploss according to a last adding but SL is for all money in play or just for last adding??
what if price reversed and took all your positions and stop losses? you would have lost more when you would have lost only certain amount in the first trade
🔽🔽It makes sense in theory but its something I have never subscribed to as whenever I have tried it that is the exact moment when price decides it want to reverse.
When you add to a winning trade at a higher price and adjust your stop to a higher price do you want that new stop level to equal the same $ risk you took originally, break even, or slight +$ profit ? I personally like to pyramid it in such a way where the new stop equals the same risk, so I add enough size a second or third time accordingly. Suppose my first trade stop loss represents a -$100.00 risk If my new trailing stop loss equals +$200.00 and I want to add a new position I’ll risk $300 to have a net risk of $100. This way I get as big as I can when I’m right and the reward:risk is much bigger
Would you be able to make a video on current market conditions in US Stocks and what type of strategies may work in said conditions. im a swing trader and in my current system i buy pullbacks in stocks trending above previous 52 week highs using EMAs as guidelines and i have seen my success rate drop as of late. How would you combat this? Many Thanks
👉 Trade with our Sponsor Broker: Trade Nation www.financial-spread-betting.com/ccount/click.php?id=95 Trade sensibly! 81.7% of retail investors lose money.
👉 We are seeking more contributors who can produce great video educational content about trading for our channel. If you think you have what it takes please get in touch by sending a message to traderATfinancial-spread-betting.com (remove the AT and substitute by @).
👉 It seems a lot of our viewers are non-subscribers. Make sure to subscribe to our youtube channel as we upload regular videos! If you hit the “Bell” icon (🔔) you will receive a notification on youtube every time that we upload a video on our channel. Bell icon hitters are super fans of our channel 🥰
Liked!
I see. Treat every additional entry as its own stand alone trade. Logical, reasonable, and brilliant. Thank you!
For me this is the absolute most important skill to learn. Defo, the initial phase is the most critical, when you need to scale up aggressively and try to keep the stop as stop profit!
now i understand the psychology behind the strategy "ADDING POSITION TO UR WINNING TRADES"
Thanks for these videos, I’ll appreciate every video on this topic. I don’t know why, but adding into winners seems to be pretty hard thing to do. Especially when my old problem was taking profits too early.
Repeat after me: "I AM NOT GETTING OUT OF THIS TRADE UNTIL PRICE HITS MY SL OR TP". Say this to yourself whenever you get an impulse to close early. Unless your intuition is guiding you, then you need to pre-occupy yourself when trades are going your way. Also another important thing to remember is that the accumalative effect of choppy trades off early is just slowly losing. Best of luck!
Elliot Chapo thanks, it’s a good advice. I can hold winners, I cut losers, but I am not able to add to winners. That’s my only problem.
Love this, definitely an area for me to work on, cheers!
Great content and eye opening as usual!
First few lines earned my like , I also used to think if I add to winning position, my entry price will get closer to market price, and the very next moment, a winning trade can become losing trade
I used to add to my losing position, it brings entry price close to market price ,and most of the time I made exit at no loss or some profit
( I always use hedge mode )
But few days back I lost 70% of my Capital due to this
In desperation I increased the leverage to bring the entry price closer to market price and I lost all
thank you Sir : )
very useful guides
Great explanation and highly applicable.
Thank you very much sir
I Appreciate the lovely explanation sir🔥
Id say 90 percent of the time i add into a winner it just turns into a big loser, lol.
Scaling OUT seems to work better
What are the commissions involved, 3 or more entry instead of 1?
Good stuff! Thank you.
How did he set the stop loss of the first order so high? Is he continoually adjusting the stop loss order or is he creating a trailing loss order?
Good upward averaging concept
Which way is better to play with stoplosses, what i mean is treat every adding as a seperated trade with seperated stoploss or combine everything with each adding and move stoploss according to a last adding but SL is for all money in play or just for last adding??
Great video Sir, How about exiting trade and re entering on the way up? Appreciate your help. By the way u are doing great work. Thanks a lot
do you pay commision when you add to a position? or only when you flip from buying/selling.
what if price reversed and took all your positions and stop losses? you would have lost more when you would have lost only certain amount in the first trade
Great stuff!
lovely !
🔽🔽It makes sense in theory but its something I have never subscribed to as whenever I have tried it that is the exact moment when price decides it want to reverse.
When you add to a winning trade at a higher price and adjust your stop to a higher price do you want that new stop level to equal the same $ risk you took originally, break even, or slight +$ profit ?
I personally like to pyramid it in such a way where the new stop equals the same risk, so I add enough size a second or third time accordingly.
Suppose my first trade stop loss represents a -$100.00 risk
If my new trailing stop loss equals +$200.00 and I want to add a new position I’ll risk $300 to have a net risk of $100. This way I get as big as I can when I’m right and the reward:risk is much bigger
thanks
Would you be able to make a video on current market conditions in US Stocks and what type of strategies may work in said conditions. im a swing trader and in my current system i buy pullbacks in stocks trending above previous 52 week highs using EMAs as guidelines and i have seen my success rate drop as of late. How would you combat this? Many Thanks
Forwarded your suggestion to Mark to consider for future material.
i was the 800 like