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First of all I'm the first to say I'm not a car guy . I'm just a guy with cars. Secondly I buy cars. I don't finance cars, Thirdly, averaging down only works in a downtrend. I'm welcoming this impending downtrend. I hope we capitulate and I catch a falling knife the whole way down.

There you go again. It was a chart showing you that even if you timed the market completely wrong you still come out way ahead. Obviously I wouldn't begin my entry at those levels ..just like I wouldn't be legging in right now. BUT if I did and the market capitulated I would be fine.

How can you guys be traders when you can't even read a chart? None of you has a clue when the bottom or top is in...I have proven that time and time again. It doesn't matter what option strategies you use...you are chasing your tails. Averaging down is the only way to trade smart...it's the only...

It's hardly a brag...a new pickup truck costs more these days.

Hey are you dissing my 2008 Lambo???

So true ...a stop loss guarantees a loss. I know the PDT rule is a load of bs. My bank blocked buying crypto on credit cards and bank cards saying they are too high risk but they'd have no problem if I blew everything I had on one day trade. This tells me that they don't care if you lose money...

Tao you might be too smart to make money in stocks unfortunately. :) To make money in stocks the most important characteristics are stubbornness and patience. The end result of the trade was 60k profits and an 80% return. Those are the only numbers you need to look at. AND this is a worst case...

That's what people who don't understand Elliott wave call them. There is equal opportunity making money trading reversals or the actual trend. I prefer reversals myself. Btw flipping that upside down has created an unnatural pattern. Stocks do not move like that in a downtrend.

Aside from the compete cuck advice shown above ..how the heck is a stop loss going to help you after hours when the bug gaps happen?

Did you not read anything posted...this whole topic is how stop losses are useless.

For example if bought at the 2020 drop and averaged down: 75 shares @ 338 88 shares @ 297 105 shares @ 252 268 shares @ 290.84 Current price: 523.07 PnL: 62237.64 ROI: 82% This is the worst case scenario...if you had the worst timing. Ideally you want to be catching the falling knife nearer...

I already posted on spy in 2021 or whenever it tanked...had you bought at the worst time right before the drop you'd still be up today...had you been averaging down you'd be up even more.

Stop losses is gambling. You have placed an order to buy a stock that you have no interest in owning. It basically boils down to that. All the day traders getting in and out of trades racking up losses and fees could be done with one swing trade. The PDT is a good thing because it saves you from...

Why would a broker like me? I don't spend a lot in fees, and I don't get pushed out of positions.

Oh I actually have a car where it's the only one in Canada. I think... there used to be one in Quebec but got sold.

How often do you get the bottom? Nobody gets the bottom. Most all positions go in the red. The whole reason your stop loss gets triggered is because you missed the bottom lol. The level of trading on this forum is anything but elite...it's basically buy at "support" or even worse but at...

We're not talking about buying and holding. We're talking about averaging down which is an art. Versus buying and hoping and stopping out when you're wrong. This method would not work or would be much less effective if you're buying at the top and into the hype like most retail. This is why you...

Why would I want to trade at a prop firm and have people who know nothing about trading manage my risk?

Yes that's my point...if you are using stops clearly your timing is off ..if you are at or near the bottom then averaging down is the way to go...not for you smchucks because you guys are clueless when it come to TA.

Well if you are getting margin called then you aren't managing risk. The whole point to this method is you don't stop out and you don't get pushed out. You sell on your terms even if those terms are the company goes bk. If the worst case scenario is factored into your trading then you are in...