my current trade is in profit, do i open more positions?

Please I would like to know when to add to a profitable trade. For instance if i am trading gbp/usd and my trade is in profit, at what point do i open additional gbpusd trades to make more profit?

V
@vickyjoseph - 3 months ago

if the unrealized profit is large enough to cover the margin requirements for an additional trade, then I would go ahead and open another position.

D
@dominykas - 3 months ago

I try to maintain a margin level of at least 400%, so for me if opening additional trades will not deplete my margin level I will do so.