Yes in regular trading times i will add to winning positions. But to be honest in these super volatile times i'll only add as its going against me
Lastly before I head out-----in order to allow winning trades to run, you must be able to ignore most weakness and sell signals. If you are a trader that sells at the first weakness, you will not be able to let winners run.
Flat at 2709. + 32,00. May be the low retrace, but not willing to sit through in case it's a deep one. Still think we trade higher from here.
Proper terms would be legging in and trailing out. The more price moves in one direction, the higher the probability of reversal. Trailing out at key resistance levels makes sense.