Part of a strategy?

Beginner Questions
1

Hi all and thanks to everyone for their help.

Quick question- it seems to be a good practice to firmly stick to the rules and risk management we each make for ourselves When to enter/ exit etc but let’s say you entered a trade and part of your strategy is to stay in short term with the appropriate stops etc. but there are several data signals to suggest it will swing if you hang on longer.
I appreciate the inherent dangers of this of course but do people use a strategy of adopting from what was interned to be a scalping trade to a day trade ( provided the percentage / fund etc stacked up) and re-evaluation of stops etc…
So many of my practice trades turned around and would go from around a 2.5 - 3% risk upto around 11%. On a micro account the numbers are small but adapting position on these seems to make so much difference.
Is this a considered strategy ?

2

This sounds like one of the common pitfalls referred to as “trying to turn a trade into an investment”.
Good, bad, or indifferent- before you ever get filled you should no exactly how to manage your trade.

If you had analysis indicating that the longer term trend may be more advantageous, then your original trade should have accounted for that.
If new information entered the picture after you were filled, then yes, you need to make disciplined adjustments.

This is not a strategy, it’s a tactic.

Would you had to have pulled your stop losses to hit those larger targets and account for additional volatility?