The direction is right—only then do you have the right to talk about adding positions. Many people’s logic for adding is wrong: add when you’re losing, add when you’re “holding and hoping,” and add based on fantasies of a reversal. Each step magnifies the risk. The correct approach is: after confirming the direction, use the profits you’ve earned to increase your position size. After adding, set a stop-loss and make sure this trade won’t lose money. If the market continues in your favor, keep adding; if the direction changes, close out. The essence of rolling positions with profit is to have the money you earned take on the risk, while the principal does not participate in betting on the direction. If you’re wrong, you only lose the profit—your principal remains. If you keep this rule, your account won’t have major problems. Being able to control yourself and not add positions when you’re in a loss is what makes you last longer than people who can only get the direction right. Profit is what time gives; principal is the baseline you must not move. Only those who can hold the baseline are qualified to talk about long-term $SNDK #USDebtMayTop$40Trillion $TUT