5min/1h TrendFollowing on ESTX50, SMI, & GBL

Quote from me1969:

You heard of Paul Tudor Jones? There is or at least was a post-it at his screen . It's the second picture of him.

http://www.streetstories.com/images/ptj_2.jpg
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I don't average losers, if that's what you mean.
Got a sell yesterday at 09. Current stop is at 34.
Any short above 09 is an improvement of my
entry price. (I was only 1 contract short... while
I should be trading 2 initial size).
 
Quote from KS96:

I don't average losers, if that's what you mean.
Got a sell yesterday at 09. Current stop is at 34.
Any short above 09 is an improvement of my
entry price. (I was only 1 contract short... while
I should be trading 2 initial size).
More...

This is exactly what it means: ... improvement of your entry prices.

Yes, I think P.T.J. did it much to often himself.
 
Quote from me1969:

This is exactly what it means: ... improvement of your entry prices.

Yes, I think P.T.J. did it much to often himself.
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I should have got 2 contracts short @ 09.
If I only have 1, then if I can short the 2nd
above 09 then it's a good price improvement.
Not everything is "averaging into a loser"...
this is rather a "scaling in".
 
Quote from KS96:

I should have got 2 contracts short @ 09.
If I only have 1, then if I can short the 2nd
above 09 then it's a good price improvement.
Not everything is "averaging into a loser"...
this is rather a "scaling in".
More...

Scaling in a loser is not good either :p
Was scaling in at 4012 rally your plan? Why not 4018 or 4000 or 3994? Don't get me wrong, but I am writing this because I did the same several times.
 
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