Many traders will practice adding to a profitable position along with subtracting from a winning position. These strategies can be very helpful to let your winners grow.Many traders will practice taking away from their position as soon as a given level is reached. For instance say you would like to buy 100 shares of XYZ stock at $48. You have a target of $53, but if the stock gets to $50 you would take half of the position off.Why would you take profits early? Essentially to guarantee any profits you already possess. This way although the stock drags back and hits your stop you would still exit the trade on a positive note even though it turned around on you at the finish.The drawback to doing this is you are missing out on possible profits that you could get from holding onto the entire position.The other way you can adjust your position is by adding to it. As a regular price increases it can be a very wise decision to include to the position on every occasion the stock drags back. This way you can put more and more money onto the positions that are prosperous at that time, simultaneously keeping your stop on it or even pushing it up.Where you enter, trouble is when you attempt to add to a losing position. Many new traders who try to buy the stocks using Mental Stops, or imaginary stops, will occasionally find themselves in a situation where they are way behind in a position.They could have purchased 100 shares when the stock was at $50 and now the stock is at $35. Then they get the smart idea of buying another 100 shares at $35 to lower their breakeven point, Big Mistake. A stock may take years to decades to recover such a steep fall, if it recovers at all.In any case you should not maintain in a stock position while in a downtrend let alone add to it.

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