Added to a WINNER in MUX on July 12, 2021

I added some extra shares to my MUX position today on this little pullback, I expect to get some extra NOVRF shares before the close as well, but won’t post their charts again since I’ve shown them enough in the last week. I’m currently slightly in the red with NOVRF, so it I get some fills this afternoon, it would be “adding to a loser NOVRF“. 🙂

Some traders will never add to a losing position. I understand the rationale, but have found some of my best positions occurred when I built them over time and at lower prices as I was buying into a pullback and getting better prices. However, this does not mean I don’t respect total risk, I still try to maintain my overall risk in a position close to my starting risk levels. So in this post I have added to both a winning trade and a losing trade (trying on the latter, though no fills yet).