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Add-on vs pyramiding and managing emotions

Questions › Category: Questions › Add-on vs pyramiding and managing emotions
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Daoud Edris asked 3 years ago
Hi Pat and Team. First, thanks for the amazing education you are providing. It’s really first class, and I’m so grateful to you. 2 questions if I may (1 about the mechanics of the trade and 1 about managing emotions);
  1. with regards to pyramiding into a position (50%, 30%, 20%), why are add-ons different? As far as I can tell, they don’t seem to follow the same pyramiding formula?
  2. I’m usually a very level-headed guy, but when I miss a trade (usually because of an error I make in the execution - GFS is a good example - and then of course it shoots higher), I really beat myself up and find myself ruminating on my mistakes. I know you studied psychology so any advice on “self forgiveness”?
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Avatar photoOwen Staff answered 3 years ago

Hi Daoud,
Pat made this video for you...
https://youtu.be/lgN3j6XPIAo