You keep referring to 'other things' besides what I am talking about when I say 'desperate', so you know I'm not referring to you directly. I think you've taken what I've said too broadly and personally.
The root of the 'hedging' concept which the originator of this thread questions comes directly from unscrupulous brokers who try to pander to naive/losing traders that are frustrated in their attempts to time their entries and exits. "Why bother picking directions and/or taking losses, when you can just continually average your losers in microscopic lots until you finally, finally come out positive?" Because that is basically all the idea boils down to. Sure, it's easy to start out winning, perhaps for even long stretches at a time. But it just takes one move that never comes back to take you out of the game -- the drawdown, as you put it mildly, is "too much".
Timing has nothing to do with caring which direction things will go -- "caring", and all the problems associated with it, is exactly where ideas like this one germinate from, like maggots from rotten fruit.
