iceman1, I think scaling into a winning position is avearge "up," and adding to a loser is average "down" -- big difference in my opinion. I often pyramid into my winning trades but never the losing ones.
I shorted some stocks, too, and I was a bit uneasy given the obvious and the market allowed me to with higher open. I am paying the price now for not waiting for my signals. Beware of the obvious is what I learned today.
HI, I am new to this site but I think I am gonna love it.
Here is my 2-cent on scaling. Doesn't everyone already practice some form of scaling whether they know it or not? I mean don't we all allocate our trading capital into several stocks and entering and exiting them at different...