I am new to trading and am currently trading a simulator. I haven't touched on pyramiding as yet but want to now get some advice.
I trade at the end of each day and trail my stops (currently 2xATR). I want to determine two points:
1. When is the best time to pryamid (e.g. when I can use the profit to pyramid and if I exit the position I break even? or do I pyramid when it looks like an another opportunity I would have entered anyway if I wasn't already in.... etc)
2. How much should I be adding to subsequent trades in comparison to my initial entry.
I've very quickly circles some entry points in this chart. Does this look reasonable? Or are the entries too close together/too far apart.