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I like to use Price, Volume and CCI

Nothing like that, just following the logic of the discussion. Carry on.

Not wanting to get involved in quarrels but I suppose the above confirms what Freak claims.

Correct, not too hard :)

When the rally is over it will turn and a downtrend will begin. There is no need to predict the turn, in fact, the more you do, the more of the rally you miss.

I think having no capital and being mesmerized by leverage has a lot to do with it. Totally agree with you, equities can offer great ATR, way superior to forex or index futures.

Just keep riding the trend down, see 0 turn around signals so far.

I could be wrong but I think the two most common exit strategies are scaling out and/or trailing a stop.

while still waiting for the actual time? :D

True on so many levels.

I know just too many assumptions. #1 You ran out of dollars ? Irrelevant when you have a fixed monetary stop #2 Being able to tell the bottom is a pretty big assumption #3 At no point the possibility of averaging down on a short position was even considered, why must it always be...

This is a tangent, no one is talking about averaging into infinity.

And make good use of opportunity.

I hear you, yet other experienced traders strongly disagree, so we got ourselves opposite views.

Most definitely a bad read, I'm exploring a topic, researching it, but I do have vast trading experience, so perfectly capable of doing my own thinking and research when it comes to other thoughts and ideas. I don't take anything for granted but most definitely appreciate trading...

Same reason as you, and even though you can re-enter this does not absolve you from getting chopped to death. I like to lose when I'm wrong, not when price is undecided. At the same time, I would like to point out that choosing mean reversive instruments helps and/or mean reversive time...

It's not about losses, obviously even with averaging down there will be losses, that max monetary line in the sand that I have discussed. The reason for such position management I think it's obvious. In my case it is typical to have a good read in direction but watch multiple areas of...

I don't think see how your example has any relevance. No technical analysis applied, you implying there was not a maximum monetary stop loss and you are assuming everything would be purely position management, in this case, averaging down. What if you read into the RIMM downtrend, and the...

Well a board veteran just testified that without averaging down he would be working at Burger King, and if you did your homework, as I did, Dustin is one of the most illustrious members of this board. I think there is a difference between averaging down with a max loss in mind and averaging...

You barely see them posting anymore, but their old posts remain, lot of gold in their past contributions.