Nope - treat every trade separately.. This free carry relates to...

Nope - treat every trade separately.. This free carry relates to this trade only and it is paper profit... If I take my profits, it becomes tangible and if I invest elsewhere, it is a new trade, a new capital input, new risk... Not free money once it is realised and used elsewhere... It then becomes risked capital - if you can do the same thing on the next stock and the next - then you have three stocks that you in essence haven't paid for. Not going to work with every stock - but take them where you can IMO.

Really is just a case of psychology/perception at the end of the day.... It works for me and lots of others...