Sauros
Posts : 516
Join date : 2009-05-14
Age : 49
Location : London
 |  Subject: The NazGolds of Xauron  Sun Sep 26, 2010 9:51 am | |
| http://blog.thelordoftrading.com/2010/09/gold-sauros-against-nazgolds-of-xau-ron.html
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Batman
Posts : 786
Join date : 2009-08-06
Age : 35
Location : NYC
| | Subject: Re: The NazGolds of Xauron Mon Sep 27, 2010 3:00 pm | |
| Great Post once again. This is definitely something that many traders struggle with. It is always nice to know you have a position that works and can help justify or bail you out of your other 'losing/ill-timed/bad-idea positions.' However, Pyramiding is always tricky. Usually, I set an initial exit point on my trade and when the point is reached with firm support, I add on. However, I have never had a position or conviction for that matter that has increased in values of your gold. I look forward to building many 'golden-pyramids' in the coming years. Until then I will take the lesson you have presented here and learn from it.  | |
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