Never, ever avg down. Doing it is same as playing russian roulette, eventually you end up with the bullet in the chamber and......POW, ur acct has vaporized. Ask any professional trader, if they get caught avg down they can be reprimanded or lose their job, no joke.
First time on a Simulator
- Thread starter Smart Money
- Start date
WTF does that even mean?
You are one nut job emg. Your comment makes zero sense - as usual.
Fact - OEC is a great broker.
Fact - your broker's website looks like a kid in grade school did it as a homework project.
Quote from Smart Money:
Hey, if you happen to know, how can I get my custom chart to display and still see all the other menus? Seems like if I make a custom chart, it becomes un-attached to the everything else and I have to use pull down menus to get to it...cumbersome for the method...there has got to be an easy way to toggle to the charts or leave them displayed that I don't know. Compounding matters, I was using WIFI and a netbook!
Averaging down is safe under 3 conditions:
1) when it's done such that you won't blow your account (in other words, not with futures on an intraday basis)
2) when it's hedged against catastrophic loss
3) when you use a hard stop (like if you're win rate is 80% of the time, so if it goes against you you average down once because statistically you still win, but you have a hard stop in case it continues to go against you)
But you are right, averaging down indefinitely will cause you to lose eventually, much like what happened in that thread.