Don't forget to double up!

Just a friendly reminder. I see many mentions on this sub and other of people doubling down on a losing trade. What I don't see nearly as often is mention of people doubling up on winning trades.

The last couple months I have been more focused on getting the most out of my winners (taking larger positions, holding longer, and doubling up) and the results have been spectacular. When I am sure of a trade and the price starts to move as I predicted, I double it! Then raise my stop to the break even. If it moves my way again, triple it and move the stop up again!

As always, manage your risk and cut losses early. Yes, some of these have turned on me and wiped out small gains, but my big winners have more than made up for it. As they say, when it's raining gold, don't be afraid to reach for a larger bucket.

Hope this works for you all too! Best of luck, traders.

Submitted December 19, 2017 at 10:55AM by fabergEVJ http://ift.tt/2D1AJ13