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Trading Secrets: Killer trading strategies to beat the markets and finally achieve the success you deserve, 3rd Edition by Louise Bedford

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Chapter 16: More bang for your buck

In this chapter, you will learn that:

• Pyramiding is a strategy where you add money to a winning position. When carried out correctly, it maximises your profit and gives you more bang for your buck.

• You don’t need to pyramid to trade effectively. Use this strategy only if you are comfortable with the concept, and perhaps have a little experience under your belt.

• Buy your largest position first, monitor your risk levels, and reset your stops every time you add money to the position.

• Setting profit targets is rarely an effective strategy.

• An anti-martingale strategy increases your position sizes when you are on a winning streak and decreases your position sizes when you are encountering losses. It ...

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