ok so have a common problem with my trades, and I need to rectify it (somehow haven't rectified it in the past two years)
I have been giving my trades room to breathe, but find that once I add-on to the original trade, I start to think I am wrong all the time.
Most recently I was long cable avg. 1.529x for 20 lots. I had the original idea based on my technical system, that 1.5230 would be my exit. Not following my system, I got out in the 70s, for a substantial loss. Had I gone to bed, I would have made ~17% on the trade, with the low being 1.5265...
I need to calculate a position sizing strategy.
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