Quote from Pekelo:
By limiting the number of averaging ins, and having a super-duper "walk away" stop loss. Let's say you can average in 5 times for every 5 pts move, but if it moves against you 30 pts, you let it go and walk away for the day.
You have to make it sure you don't try to make your losses back on that same day....
i hear you, sounds good, then I work through the maths
1st lot -30 pts, 2nd -25, ...5th -10, 6th&final -5 = -105 points
stop out and walk away...gulp!
on its own perhaps this isn't enough, but if we do this only on the mornings after a strong trend day, hey presto, do we have a system??!
i'm skeptical(!), perhaps its enough with a big bankroll...
but my friend, we have made a start to DM++...
