Winners give winners time and room (up to a point) to launch.....
:eek:
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I would like to discuss averaging down
- Thread starter Daring
- Start date
Winners give winners time and room (up to a point) to launch.....
:eek:
Quote from SatMir:
There is no other way,besides the correct one,never mind the samples,trials and experiments.Do not fool yourself,this way you`ll blow up even faster.Or you can try and crack the correct way.The choice is not that big.Thinking of developing a system with the 'ave down' thought in mind is disaster.Think about the system which buys/sells few ticks above/below bottom/peak.
I hear you, yet other experienced traders strongly disagree, so we got ourselves opposite views.
I gurantee you, you keep averaging down and you will finally buy at the bottom.Quote from SatMir:
There is no other way,besides the correct one,never mind the samples,trials and experiments.Do not fool yourself,this way you`ll blow up even faster.Or you can try and crack the correct way.The choice is not that big.Thinking of developing a system with the 'ave down' thought in mind is disaster.Think about the system which buys/sells few ticks above/below bottom/peak.
Quote from SatMir:
You may want to check Oldtime`s post once again.I just replied to his statement.
I know just too many assumptions.
#1 You ran out of dollars ? Irrelevant when you have a fixed monetary stop
#2 Being able to tell the bottom is a pretty big assumption
#3 At no point the possibility of averaging down on a short position was even considered, why must it always be against the correct side of the market when samples are provided?
Just some thoughts, I welcome the discussion.
if you have a fixed stop on the whole position, it is exactly the same as having a stop on each individual entry. Typically the stop on the first will be very wide, and each subsequent entry will have smaller stops.
The argument against is usually made by traders who are fully margined on every trade and can only take a small loss.
if you post you are long, they will tell you you should have waited for the bottom, when you buy again at the bottom they will tell you now you are wrong because you are averaging losers.
best is just to pretend you are schizophrenic with a multiple person disorder and treat each new entry as a new trade, and keep all the averaging down to yourself so as not to raise their ire or ridicule.
The argument against is usually made by traders who are fully margined on every trade and can only take a small loss.
if you post you are long, they will tell you you should have waited for the bottom, when you buy again at the bottom they will tell you now you are wrong because you are averaging losers.
best is just to pretend you are schizophrenic with a multiple person disorder and treat each new entry as a new trade, and keep all the averaging down to yourself so as not to raise their ire or ridicule.
Quote from oldtime:
if you have a fixed stop on the whole position, it is exactly the same as having a stop on each individual entry. Typically the stop on the first will be very wide, and each subsequent entry will have smaller stops.
The argument against is usually made by traders who are fully margined on every trade and can only take a small loss.
if you post you are long, they will tell you you should have waited for the bottom, when you buy again at the bottom they will tell you now you are wrong because you are averaging losers.
best is just to pretend you are schizophrenic with a multiple person disorder and treat each new entry as a new trade, and keep all the averaging down to yourself so as not to raise their ire or ridicule.
True on so many levels.