Thursday, September 10, 2009

Building a position

I added another lot to my EURO/YEN position (2 total.) My accounts are a combination of different trading techniques.

The first long I did was a Bob Iaccino recommendation. I don't know if their traders ever add to their positions on a rotation (they make every trade that is recommended.)

The second long I did is a Keystone Trading technique where they teach you to add to a position if you have a lot of evidence that the direction you chose is getting stronger. (It's like doubling down when you get an eleven, for lack of a better analogy.)

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