It would be interesting to hear what other peoples strategies are in regards to pyramiding their positions.
I primarily trade PPS set-ups and will only pyramid when another set up PPS set up develops. I use half of my profits from that position to date, and add it the amount I am willing to risk on the trade. I only use half of my profits because I feel that pyramiding can result in a lot less smooth equity curve. I say this, because with a 40% win rate on PPS setups, pyramiding would mean that I would give back a lot of 2 or 3R profits, in search of the big win. Do others agree with this statement?
I have noticed other forumers mention that they pyramid aggressively. I am curious as to be aggresive if no further entry criteria is presented. Further, do any other forumers pyramid on different criteria to their original entry strategies?