Pyramiding ? When and When Not to Do it

A frequent question I get from less-experienced traders is: "Should I add futures contracts to my existing market position?" That's a broad question and there is no single right answer. So, let's break down the question into some scenarios.

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Seven Time-Tested Money Management Rules to Insure Survival over the Long Run

1. Always Preserve Capital. Traders should limit loss to 1% of total capital for any one position. 2. Always trade in the direction of the larger trends, with the most emphasis on the Primary Tide that lasts many months or... (Continue reading)