Hi guys!
I havent spoken much about this particular trade management strategy, but trade management is as vital to our trading as our entry and exit.
Using this Pyramid technique we can safely lock in profits, eventually giving us what we know as a ''free trade'' Whereby a trade has moved enough in our favour, and has given us the signals we need to place a stop loss in a place that completely eradicates any fear of loss .
Before trying to learn this strategy, i strongly advise you to learn at least ONE of the previous strategies. They all work with each other, and the more of them there are at any one time, the higher the probability your trade will be successful.
The Pyramid technique shown in the video below is a life saver if you are an emotional trader. If you have some patience and you have at least some knowledge of the strategy you can eliminate the fear of loss, and thus, you can let your trades run and run in to better profits with out the usual concerns.
I hope this can be of great help to you all!
