A lot of traders ask this when they start scaling into positions.
The short answer: you don’t have to close the first trade to add more exposure. But if closing it first makes you more comfortable, that is a perfectly valid starting point.
Tony breaks down the difference between extending exposure and adding exposure, and when scaling up actually makes sense.
This is how home runs happen, not by risking more from the start, but by letting a trade show you it is working first.
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