Losers Add To Losers

How to add to a winning trade

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Adding to a winning trade can be a great way to increase your profits. Here's an example of how I added to a winning trade and some lessons hope you can take to your own trading/investing.

I bought Ethereum when it broke out of the anchored VWAP resistance. After it entered sideways consolidation, I raised my stop and considered adding to the trade during a breakout. I raised my stop again after another pullback. I added to the trade for the second time, given the profitable scenario and the strategically placed stops.

The lessons we can learn from this example are to wait for a winning trade, adjust your stops to protect your profits, and only add to a winning trade when it's already in profit. By following these lessons, you can increase your chances of staying profitable in the long run.

Remember, trading is a personal experience, and this strategy may not guarantee success every time. However, by consistently following the trend and adjusting stops, it enhances the chances of staying profitable in the long run. Good luck and happy trading!