Hi Nagappan,
Nice thread!! You are right it does not matter how long is the losing streak, but position size. If trades are not in your favor for x days, we should be careful with position size as we have always chance to add when market is in our favor..Pyramiding.
Looking forward and expecting an interesting journey in trading world...
Thanks
rip07
Nice thread!! You are right it does not matter how long is the losing streak, but position size. If trades are not in your favor for x days, we should be careful with position size as we have always chance to add when market is in our favor..Pyramiding.
Looking forward and expecting an interesting journey in trading world...
Thanks
rip07
Thanks. I reduce the position size once I face some loss. It is not to recover my loss but to manage my account value.
Actually I'm not pyramiding the position in a systematic way. I'm willing to learn more about pyramiding from anyone.
4%, 2%, 2% and 1% pyramiding is working fine in single direction day (Bullish or Bearish ). Both bullish and bearish market in a day eat up the profit we make if we do pyramiding.
So, I like to learn and optimize the position size too.
Regards,
Nagappan