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I didn’t scramble I had company. I came back. Now don’t you scramble because I am holding your feet to the fire. Lol. Take a few days to play around with your concepts on a platform even a sim and post the charts showing us how it works in trading, not theory. Then spell it out for me to test it...

I am not very smart. Spell this out for me in viable steps. Start side by side with 1 contract in both accounts. When to exit your first attempt when to re-enter again your second attempt and so forth down to say a max of 5 contracts. When will i add averaging in my account to where at the...

That is obvious that you are against it. But I am an experienced trader too and it works for me. Obviously I have specific reasons for when and how I would do it. But I find, on average, that in a days sessions I can, on average, find reasons for doing it on 40% to 50% of my trades. And there...

I think you misunderstood me. I have no bias in terms of trading. I follow whatever the market is doing that day. I was refering to dozu888 longterm bias as being bullish. He is an investor. I think overall he will be proven correct. The market will have ATH’s again. However, that has absolutely...

@tradingismybusiness you make some good arguments. You may be right on your methodology. I will have to test that out trading live. If it pans out I may forever give up scaling in or averaging down. Now that will make ON (aka Fedex) chuckle! Some theories just don’t pan out in the real world...

Why am I still typing these explanations? Anyway, it was good the discussion. In the end each trader has to do whatever floats their boat. See you guys later.

I don’t see it that way. I see it as building a better position at better prices as long as my premise is holding true.

The double or triple up is in the new direction. Not the same direction as my averaged down entries. Not sure if you understood that. That is I would double or triple up in the opposite direction AFTER exiting all my averaged down contracts with a loss, once my premise is proven wrong. I...

I will say one more thing. The process works the same making an entry an then adding Another lit and averaging down a third contract for a total 3 lots as averaging down trading 10 lots each time time for 30 lots each. The limitations are account size and well maybe balls if steel. I mostly...

Better way? Spit it out. I am all for learning more. I shared my way. Lets hear the better way!

I will respond to this. I gotta stop. Look the very reason I average down IS because I AM secure in the larger trend. So I am loading up at cheaper prices from my first entry. Since I am discretional maybe my first entry was a little early. More than likely the first entry I made was because I...

I won’t get into all these theoretical numbers even though they seem to be straight forward and mathematical, but I will just say that under the right conditions and the right scenario the probability figure of exiting an average down trade with a profit can be very high. That my friend makes...

Don’t forget I have a “premise wrong”exit point. Total exit. I am not just gonna hold and average down till broke. In zero sustained reversal days I am out double up or tripled up in the correct market direction as I was caught on the wrong side. I AM NOT JUST GONNA KEEP AVERAGING DOWN INTO...

Of course I occasionally have a losing day. I don’t recall ever saying I never do.

You may want to do more than just a cursory glance at my journal. Yes, I am a scalper which I define as 1 to 8 points generally in normal in the ES. Bigger if higher volatility. I realize most would not call this scalping. I do. So, those tiny moves as you say are generally withIn those...

The example was not an averaged down trade. It dealt with a straight long scalp. If I am long at 57.50 and market goes to 58 I am holding because my min scalp is one point. It has not arrived there yet. I was dealing with vega’s question of flexible PT’s but in the context of a straight long...

Because I have to structure a setup..entry...exit...SL that is mathematically sound at least for me but I do not know beforehand “how” the trade will dynamically unfold. My Initial SL and PT are subject to change depending how the trade unfolds. But the original structure gives me a starting...

Ok. Here is the general math on an averaged down trade. I believe it to be logical as it renders me a high win rate, which I believe is necessary to successful scalping. First, I have a max I will let any trade go against me before I will concede my premise is wrong. This is based on previous...

Read my journal. It has charts in it. With detailed explanations. Flexible targets has to do with the dynamics. “How” is PA being made as opposed to it just being made. For instance, price in say the ES goes from 2955 to 2960 and I am in long at 2955. Do I exit at 2960 or do I hold for more...

Some folks can’t deal with the uncertainty of the markets. They want clearly defined setups with clear entries...exits..risk...based upon what they call backtesting. However the market doesn’t give a hoot about backtesting. That is only for the comfort of a trader that needs the reassurance...