Hey Gang!
I've heard of "tearing" refered to as "pillaring". You build a pillar by adding just one contract at a time as the market moves in your direction. The pyramid adds continual multiples, as noted, 1,2,4,8, etc.,I believe. It seems to me that the really smart traders do just the opposite. They will start off with multiple contracts and then "peal" them off, one at a time, until the market hits the target price. They will continually grab profits along the way instead of grabing more risk. That seems much more sensible and much less risky. If you were pyamiding a cattle trade recently you would have lost more than your account when the mad cow scare appeared. How about loosing your house?
Just my 2 fcents.
Great trades to ya',
Dave D