ES Journal Archive (2011)
- Thread starter Buy1Sell2
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I like it.
Will copy.
FoN
Averaging a loser? What`s to like?
The correct way to approach this is to add the second unit after the first unit shows a profit, which is how a winner scales into a winning trade.
With regards to the trade that was posted, I could see one entering the 1st unit at 1202,25, but then not add anything until that unit shows a profit. Alternatively, one could add the 1st unit at 1194,50 and then add the second on a rising market.
Only losers average losers. Don`t forget.
Quote from Laissez Faire:
Averaging a loser? What`s to like?
The correct way to approach this is to add the second unit after the first unit shows a profit, which is how a winner scales into a winning trade.
With regards to the trade that was posted, I could see one entering the 1st unit at 1202,25, but then not add anything until that unit shows a profit. Alternatively, one could add the 1st unit at 1194,50 and then add the second on a rising market.
Only losers average losers. Don`t forget.
When predetermined like that, isnt he scaling in the trade with predefined risk and everything?
Just saying...
FoN
Quote from Laissez Faire:
Averaging a loser? What`s to like?
The correct way to approach this is to add the second unit after the first unit shows a profit, which is how a winner scales into a winning trade.
With regards to the trade that was posted, I could see one entering the 1st unit at 1202,25, but then not add anything until that unit shows a profit. Alternatively, one could add the 1st unit at 1194,50 and then add the second on a rising market.
Only losers average losers. Don`t forget.
Any trade can become a loser, regardless of one's trading style. So how do you know this one will be? If I don't know the outcome, what makes you think you or any one else does?
Bot ES 1223.00
broke out of consolidation. 2 pt stop. Trailing stop: 5 min ATR (2.5).
broke out of consolidation. 2 pt stop. Trailing stop: 5 min ATR (2.5).
Thanks Builder.
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