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MushinSeeker- Could you provide an example of how that might be constructed. TY.

got it, thanks.

"It may be time to go short but we don't have an obvious signal yet." Would this be a scenario for initiating a Buy1Sell2?

If you are not familiar with excel, little intracacy like that can drive you buggy. As long as it was under 1.5 it was rounding to 1, throwing me and my calculations off. Tx again.

You are correct, excel was rounding to 1. Thanks. Next time I'll just use the old calculator.

okay thanks. Sorry I was using 1200 as calculation price.

Assuming an account of $500,000 risking 2% ($10,000) on a trade and initiating the trade with 1:1 leverage (11 contracts). Scenario 1: I buy all at same price and can have an an 18pt stop. Scenario 2: I can average down at better price levels. With this scenario you can average down and add...

----------------------------------- By the way, we won't lose 2 percent at the stop level now since our average price is now lower. ----------------------------------- So do you ever just abandon the native stop and use a mental stop and keep averaging down until you reach your 2% risk...

------------------------------------------------------------------------------- http://www.elitetrader.com/vb/showthread.php?s=&threadid=69230&perpage=40&highlight=underleveraged&pagenumber=136 To decide whether or not averaging down is a good idea, one must first define what a losing trade...

seems a great value buy at these levels $Cost

could get a nice bounce here. where do you get your stock ideas from? Is this a holding of your favorite mutual fund?

how do you determine how far to let it run? Specific point amount or 2% mental stop? Where does the noise end beyond the entry? ty

I am long 20 contracts at 1384.00 ---------------------------------------------- Buy1Sell2- Could you comment on your positon sizing formula. Are you using open profits from the long @ 1368 to add size? ty

Buy1Sell2- you've earned your wings. thanks for the wisdom.

so if a new reaction low present itself on a lower tf, it would be appropriate to add to the existing long position while still maintaining the short position? ty

brilliant, do you ever go beyond the 2:1 ratio to increase the income?

Hi Buy1Sell2- Thanks again for the pearls of wisdom. Would you consider this an area to begin averaging into short calls on ES? Best Regards

yes i have heard that as well.

how did you get hold of the video and does it teach something or a sort of day in the life? tx

tex, if you don't take A and it never gets to B, then you must have a plan for averaging up into the move if you really want in on the move. But something along the lines of what was described above works for me. Scale in 2,5,10.