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Button to block/warn adding to winners vs. adding to losers

There are times when I am on tilt or am so convinced about my position that instead of taking a loss, I add to my loser. It is not really part of my trading plan, but in the heat of the trade I just do it.

Everyone has their own trading style, and some add to winners and some add to losers. I don’t want to knock on either. I wish I could have a feature that prevents me from adding to losers. Alternatively, some people may want a feature that prevents them from adding to winners.

Maybe a toggle that stops me from adding to a loser and a toggle that stops me adding to a winner. That way, if I REALLY want to do it, I have to take that extra step of hitting that toggle off.

Status: Added to Backlog1 comment

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Comments1

  • EazyPowerflam9R

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    Jun 23

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    Merged request

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    3 votes

    Adding to winners

    In an earlier post with the same topic I was told that this is called box trading however when i googled it, the results were confusing so i will try to clear up what i was trying to get at in the original post, I'm not a native speaker, sorry for that.

    Hopefully this clears it up:


    What TSX does: https://www.tradingview.com/x/vOkogzbT/#

    What i would like to have: https://www.tradingview.com/x/qMp8JzGB/

    I'm not trying to hedge, i just want to be able to add to my winners without the second trade having the stop loss at the first trades SL.

    This works fine on ninja trader, is it really not allowed? If so, i apologize.