That's exactly right. In a moment I will share a posting from page 145 that indicates what my position is on the why behind averaging.The need to average a position would indicate that the entry is incorrectly timed.
ES Journal - 2015
- Thread starter Buy1Sell2
- Start date
From page 145-----
--Must have stop posted.
--Average or "add" trades are not a part of this journal and are an attempt to mask poor timing skills, or the fact that trades are not real, or to announce that one is not able to admit when wrong.
Feel free to post these types of "trades"--the information is meaningless however.
--Must have stop posted.
--Average or "add" trades are not a part of this journal and are an attempt to mask poor timing skills, or the fact that trades are not real, or to announce that one is not able to admit when wrong.
Feel free to post these types of "trades"--the information is meaningless however.
Exactly
wouldn't be surprised to see a huge move up or down here
if bottom is in, this moves to 2077 fast
if bottom is in, this moves to 2077 fast
This behavior is generally spotted easily. You will usually see a number of average or "add" trades, followed by either a non posting when the market goes fairly far away or a poster gone missing, or if the market comes back, the poster will take a profit at very small gain, or breakeven.
Stopped out for 2.5 pt loss
Once a person understands that it's ok to be wrong and can reveal it to others, only then can they begin to excel at trading. A person adding until the market moves in their direction and then taking a small profit when it does, it asking us to believe that they would would risk 30, 40 , 50 or 100 to get 1 or.5. The information is not good information and is not useable.