After opening a position, I hardly add to it anymore.
In the past, when I opened my first position and the market moved, I couldn't help but want to add to it.
Especially when I saw some unrealized gains, I thought to myself: “Let me add a little more to earn more.”
But after doing it for a long time, I found that most emotional additions either get wiped out or turn into pressure positions.
Now my approach is very simple:
• Determine the total position when entering the market, only place orders in batches, and do not add temporarily.
• After seeing unrealized gains, only consider reducing the position for protection, rather than adding more.
• If I really want to add to my position, I wait for a pullback/rebound confirmation before doing it separately, not adding on top of the original position.
The benefits of doing this are obvious:
• A more stable mindset, so I won’t hesitate to take profits because of the added positions.
• A clearer plan, no need to change plans on the spot.
• Risk control, keeping the initiative in my hands, rather than handing it over to the market.
Many people ask me: “Won't this cause you to miss out on bigger profits?”
My answer is:
Missing out on a little profit won't cause you to blow your account;
But adding positions recklessly can very likely ruin an entire wave of the market.
In trading, in the end, it’s about who has a cleaner rhythm.
Making money is not about stacking positions; it’s about building it up little by little through structure and execution.
If you often hesitate to add to your position after seeing unrealized gains, why not try:
Set the position when opening a trade, execute properly, and only move to take profits without changing the position.
Over time, you will find that your account performs more steadily than before, and your mindset is much more relaxed.