Position Trading Basics (or How to Pyramid into Trades!)

How to Pyramid in to Positions. I like pyramiding into position trades. The benefit of pyramiding into a trade is that when you know you have a good opportunity to take a trade; you either go all in at a particular price in which case you need to have a stop point due to risk management and sometimes that's the right way to go OR you can pyramid into a trade and we'll explain the process of pyramiding into trades in this video.

How to pyramid Into Winning Trades:
1) Define your zone - this is the area where you're still keen on buying the stock.
2) Plan your sizing.
3) Ignore price behaviour. I've struggled with this a lot especially with day trading. When I pyramid in I would be so focused on my price behaviour that I would try to second guess the next scale. You just have to be committed to your trading plan.
4) Be strict with your stop. This is another big one because things can get tricky quickly when pyramiding in.

Do you pyramid into a position when trading, if so, how do you decide how much to risk at each entry?

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