You are exactly right. This is how I should have worded it but I didn't think of it that way when I first posted.
Quote from kiwi_trader:
Personally I see the big problem is the wording ... average down.
That is taken to mean, by many, the process by which people take a losing trade and make it a disastrous trade.
If instead you'd said:
I have a multiple entry strategy which takes advantage of the noise in the market after my entry signal to get my entire position at an optimal price.
Well, hell, everyone would have said "cool."
If its a plan that takes advantage of the way the market chops to fill at your chosen average price with great risk control - who can argue with it.
If its a random reaction to market moves against you - then few wouldn't call it foolish.
Cheers![]()