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Yes many, maybe most, daytraders on ET probally don’t average down or scale into a losing position for a reason. It can be risky. And to do it successfully takes practice and the ability to read price action, really good, consistently, and have confidence in ones read of PA. The confidence comes...

I like things simple. Schumer lost. Trump won. The rest (on both sides) are wringing their hands and wiping the sweat off their faces.

You certainly are an odd trader. I never seen anyone post so much propaganda in charts and grafics. How do you find time to trade?

MAGA and Mr T wins...AGAIN! Schumer gives in! WOW Mr T is on a roll. High win rate! Just like trading with high win rate. Mr S needs to learn which fights to pick! ROFLMAO!

No way pistol pete. Typical day? How could they possibly live past 40 years of age? Are you sure? I already won’t buy seafood raised in China. Do you? I won’t eat at chinese food restaurants. Do you?

Maybe not so much. I am an intraday trader. Many investors average in on losing positions. It can be quite profitable.

Well you got your reasons. I see things, in some ways, exactly the opposite. It is pushed down to go up. Creates buying opportunities for value at discounted prices. Premise getter bigger and bigger is relationaly predicated upon what that premise was in the first place. As price tracks against...

Sad...fortunately I’m in that group either. What do you say pistol pete are we lucky or what?

Hm..hmm something to think about boys..and girls...

I scale into LOSING trades and average 70% to 90% winning trades. Rarely under 70%. I never have cared for scaling into winners. I will do it some times but it isn’t as profitable as scaling into losers, at least for me. In terms of a long position...If there is value and i get in and it goes...

Thats ok BIG SNOWFLAKE! ROFLMAO.

Sprout pay me no mind. I don’t disrespect you or your method. Just joking around. One thing you gotta say about Jack Hershey. I never knew him to charge a dime for any info. May he RIP. Good luck trading!

Trump aces cognitive test! Yes! Trump in excellent health. Yes! Regressives stumped! Yes! Try to turn doctors report into fake news. They fail! Yes! Well on the road to MAGA! Yes! Yes! Yes! Yes!

And the Trump rally continues. New highs Friday for the S&P and Naz! While the regressives shut down the gov the markets shake it off. Without Mr T we would still be in the slump. Maybe the ****hole. Mr T is a GREAT president! Gonna MAGA! He just completed a phenomenal and glorious first year...

At 30 you are at an excellent age to learn daytrading. Still young enough your brain is getting plenty of blood. Yet old enough to have put the foolishness of adolescence behind you. You are probally the ideal age.

You mean average down a losing position?....well now...ugh! MR. WB DOES THAT? Somebody on ET needs to warn him of this destestable behaviour...ROFLMAO

Take some tums...it will help...i know it hurts ..bad ...but things will ..and are getting better. Brighter days ahead! For the liberals things might get more depressing...who knows??

@Sig ...Since your call yourself SIG I hereby dub you as “pistol pete” Can you imagine a gun toting progressive? Your old conservative roots just too deep to let go eh and become a gun free progressive. So Pistol Pete many profits to you trading the Trump rally. But, if you prefer to call it...

ROFL again! I have never been so happy to see a president leave office as when Mr O left. When he won I predicted he would destroy the country and almost did. Mr T fortunately got in just in time to undo alot of Mr O’s and the progressive (regressive agenda) within the first year thus raising...

Specialized in averaging down? Or maybe averaging down is what they just did? However, as specialized as they may have been they obviousley were not in specialized in risk managment not psychologically prepared to bite the bullet ...swallow..the loss BEFORE it got out of hand and regroup and...