TRADE MANAGEMENT

I am looking to start a thread on managing a trade and exploring the math involved with varying different variables that we can control.

Example:
which would you prefer:
1. to put on your full position and then scale out, or
2. to put on your minimum position and build it as trade develops.

Assuming a target of 10 ticks,
you could play 10 lot, and take one contract off each tick or
you can play 1 contract, and add 1 contract each tick.

numerically they produce the same gain, however, and this is what I want the focus to be...the risk is entirely different.
option 1 mitigates risk as you move in your favor BUT your initial stop outs are your largest loss.
option 2 increases risk as you move in your favor BUT your initial stop out is your smallest loss.

thoughts.