Today I caught the trend reversal on the YM at a pretty decent spot. The trade began with an extremely conservative 1 contract size because price action was hinting reversal but I wanted better confirmation. Well, long story short (no pun intended hah!) as the intraday swing started working well and internals were giving more confirmation of market weakness I began adding....and adding, and more adding.... protecting most profits by adjusting the stop accordingly. Well, the outcome was simply, phenomenal. It was such a pleasure to ride the trend while strengthening the position with more cars. Think about it, if the trade goes wrong from the start, the loss is minimal. However, if you were right, you have an opportunity to make it even better. Of course certain measures must be taken but I highly, HIGHLY recommend more traders look into this. It's the best money management out there for riding the trend, bar none. It also gives your peace of mind because if things go wrong and you protected yourself accordingly you still got a very good chance of coming out ahead half way through the trade. It forces you to stay in the trade with the trend and enforces getting out when the trend direction does not cooperate. One could argue that heavy cars from the very beginning would be an even greater profit and this is true. However, if you are wrong, and sometimes we are because the market tricks us, your stop loss can be potentially monstrous and this game is all about risk management. The biggest problem is adjusting yourself PSYCHOLOGICALLY to be able to perform this money management technique. See, when we start a trade we want to be right from the start, we took it for a reason, so why not start big, or hell, add if it goes against us for an even better position (supposedly) ? We are so right we need to win big! Wrong! You don't know if you were right until the trade is actually closed. That's the whole point of this thread. Small losses, huge gains, stay with the trend, never against it, what else could you ask for ! It's a beautiful thing. Good fortune and Neet the Machine, continues to kick more ass than the Karate Kid behind Jeniffer Lopez !