Hey Charles,
From a real trader's perspective, this is an excellent post and deserved the upvote. You have a clear plan for the position that you're building and you have planned for price changes so aren't going to either panic sell or worse, turn your red trade into an 'investment'.
ALWAYS have a plan for what you're going to do with a position for all price scenarios. Up, down, sideways.
NEVER turn a losing trade into an investment. It is nothing but a losing trade, you just didn't follow your plan.
I wrote about why you can't turn a trade into an investment on my blog here and this echos that sentiment perfectly :)
Great points! People should follow your lead :)
Thanks mate.
All about having that plan. If you know the scenarios that will unfold there there is no need to stress. You know what you are going to do already.