Secret 21
Pyramid the correct way
The big money is made only by pyramiding a good position in a trending market. You have an excellent opportunity to use leverage with your unrealized profits to create a larger position than otherwise possible. Pyramiding takes both courage and self-control. The “weak hands” seldom make the big money, primarily because they do not have the guts to pyramid and maximize the opportunities they are right about (or they do not have the smarts to do it right). Please be advised, there is a right way and a wrong way to pyramid.
The masters suggest you never reverse pyramid (that is, add a greater number of contracts than your initial position while the market moves your way). Your first risk should be your greatest ...
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