I trade manually mostly in the direction of a prior trend on pull backs. This is not a break out strategy. My stop loss & initial profit target are at least one to one but I will use my discretion to take profits early or move the stop loss to protect against a reversal if trading is slow. I will take a second or third trade with the same stop loss position, this may be considered adding to a loosing position ! No it has the same stop loss & is now a higher risk to reward, trading is all about the odds. You should be under no illusion ALL trading is gambling & I use my 13 years of experience to spot the patterns that beat the odds on average. Use an amount in your account that wont stress you out & be patient. Ok so its not just about the odds, its also about having the Patience to wait for the best opportunity.
Best Regards
David