Should You Add To Losing Trades?

25 Aug in bear put spreads, Blog, bull call spreads, call options, commodity consulting, commodity trading, commodity trading rules, futures broker, managed futures, managed futures accounts, Michael Seery, options broker, put options, Seery futures.com simulated trading

This rule is extremely important and I witness it being abused constantly creating tremendous loses that are sometimes difficult to come back from. Never add to a losing position because if the position continues to go against you and now you have added even more contracts which are all losing money your account will suffer loses much more than 2% and in some case adding positions and never getting out of a losing trade has wiped peoples trading accounts down to zero because of 1 or 2 bad trades. Remember always play for another day you will have losing trades and the good traders manage losses and move on to the next possible trade.

 

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