Chapter 6: Rule Number 2  Art Simpson (ALS): Phantom, do you
want to continue on Rule 1 or is it time to move on to Rule 2?
Phantom of the Pits (POP): There will be lots more on both rules
so let's get to Rule 2 and see the other side of the coin. We
will need to get to the qualifier of Rule 2, but we will do that
later. We'll state Rule 2 right now:  Press your winners
correctly without exception.  Sounds pretty elementary but
correctly is the key. What you hear quoted most of the time is
"cut your losses." Cutting you losses is only one side of the
coin. Without Rule 2, you will find that trading still isn't
even a 50/50 game. Without a correct method to press your
correct positions, you will never recover much beyond your
losses. You need rule two to ensure you have a larger position
when you are correct. You always want a larger position when you
get a great move or trending market than when your position
isn't correct.  There certainly will be debate on how you know
when to add to a correct position and