Recent content by tsch

Excessive averaging down or up takes lots of guts I guess - but I also guess that most traders who operate that way, taking on a truckload of contracts looking to buy themselves out of a loss...probably do quite well for a time then one day the market doesn't conform and whoosh!...they're out of...

It might be better to reverse a losing position as rule, who knows? There is no statistical test for randomness but to me its fairly plain that highly liquid markets are pretty random, in all but possibly the long term. If random then very difficult to trade successfully using any technical...