The effect of scaling your winners will be an increased average win while stay in your losses with risk parameters.
If you are lose and you lost a lot of money, you must exit NOW or sell all your stock portfolio. If you are win, it is the best to exit half of your stock lots if you do not sure that stocks will go up again or it is at the position at your first target!! If you win one plus one (Increase your portfolio with buy again) again, if you lose one reduce your money to buy stock or reduce your portfolio!!
You must have stop-loss price whenever you buy cheapest stocks. It can be more cheap cheapest! If the Stock price down 6% at close market from your buy point you have to sell it. Or you can set your stop loss order 3% under moving average 30 days. It is same if the stock jump up you must have target price 20%-100% or you follow technical analysis line like : Relative Strength Index, Bollinger Band, Commodity Channel Index, and etc.
Why I am write like that?? Because The Market moves down or up it does not care about your money and my money. You can not moves and predict it 100% right so you need to scale your winner method!! Do not play dumb change method every day. Stays in your method and learn from it minus and add its minus so it can reach at least 75% right or better. But YOU MUST SCALE YOUR WINNER AND BE CONSISTENT!!!
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