I have mentioned in other posts that I use a fairly set percentage of capital as my intitial risk per trade. One thing that has always perplexed me is how to view risk as the postion starts working in your favor and new positions are added to it. For example, say I am willing to risk 1% of a 1mil account. If I determine that the initial risk from my entry is $1500 per contract then I will buy 6 contracts. (1mil x 1%= 10K/$1500= 6.7 round down to 6) Ok, so I make the trade and it starts working for $3000 per contract. I'm seeing a nice consolidation and would like to add to the position on a breakout of this consolidation to continue to ride the trend. On this breakout my new stop would be directly below the consolidation range. If I was stopped out there the original position would make $2000 per contract and any of the new contracts would lose $1500 per contract. So how do I decide what the risk is from here and how many new contracts to add? Do I add so that there is always a 1% risk for the whole position or do I look to add extra risk? Any real word advice is appreciated since this is a real word issue that I constantly grapple with. I hope that this isn't too confusing and I will be happy to explain more clearly if need be. Thanks!