Adding on a position

[rtv2]

This posted by Tymen1 in another thread:
Edit: Click on link at bottom of Tymens thread to check out what he is talking about.

The REAL reason why nearly every trader fails. Can you solve this trading dilemma?

OK, I am not going to give you any ideas!!
I am an experienced trader and I am going straight to the point to tell you the truth!!
Have a look at my post count.
Take note of how long I have been on this forum.
How many threads have I not started and trading systems that I have developed.
I have seen stacks of people come a go on this forum.
Many start out eager just like you - a few months later their money is gone, and so are they.

I am still here!!
[B]If you take my cousel now, you will survive.[/B]
If you reject what I tell you, you do so at your own peril and you will be another loser on the scrap heap.

[B]So lets see what your problem is…[/B] :eek:

The quotes above are the essense of your problem.

[B]Here is the answer…[/B]

There are 3 main aspects to trading…

1. Trading system.
2. psychology.
3. money management.

Your problem above is one of psychology and money management woven in.

Good trading psychology says - let your winners run and cut your losses short.

This is the [U]exact opposite[/U] of what you have been doing.
Out of fear (bad psychology), you have cut your winners short and so your stop loss has eaten your profits!!

You [U]must [/U]let your profits run - if you [U]do not do this[/U], you are doomed to failure!!
[B]Letting your profits run and cutting losses short is [U]the [/U]secret to trading success!![/B]

So here is how you do it - and get correct money management thrown in (because your money management is poor).

[B]Read the following hyperlink - and learn it well.[/B]
[B]Then use this strategy - you will overcome your fear!![/B]
[B]Do it and you will survive - reject it and you will become a forex statistic!![/B]

http://forums.babypips.com/analyst-arena/12562-using-multiple-lot-positions-improve-trading-fx.html