I've noticed that many traders confuse pyramiding with regular averaging down.

In reality, it's a completely different approach, and if applied correctly, it yields interesting results.

The essence of pyramiding is that you enter a position gradually, as the trend develops.
You make the first entry after clear confirmation of the direction, but the key point is — subsequent entries occur on pullbacks, closer to the trend line, not on impulsive moves.
This is fundamentally important.

After each entry, you immediately set a stop order, but don't forget to move it.
As the trend progresses, you raise the stops closer to the current price, below the upward trend line.
This is how profit protection works in action.
When the trend clearly breaks, all positions are closed at once.

Pyramiding works on medium- and long-term movements, where you have time to maneuver.
It's a low-risk strategy if you know what you're doing.
With proper risk management, the profit potential increases with each added position, but the risk remains manageable.

However, I honestly say — pyramiding is not for beginners.
You need to clearly understand the theory, see the trends, and be able to identify pullbacks.
Before applying this strategy with real money, it's worth practicing thoroughly on historical charts or a demo account.
Otherwise, instead of profit, you'll get an expensive lesson.