Making Entries

[dedicated1]

Do you average up/down or put the whole thing on at once ?

Does it depend on going long or shorting ?

Does your entry depend on the market or specific trade setup ?

Does it just depend ?...or not even matter ??

Are you a reactive trader or are you a proactive trader...or maybe a little of both.

 

[Trader.NET]

Ya. Average down and up until reaching certain size.

 

[Lobster]

Quote from dedicated1:

Do you average up/down or put the whole thing on at once ?

Does it depend on going long or shorting ?

Does your entry depend on the market or specific trade setup ?

Does it just depend ?...or not even matter ??

Are you a reactive trader or are you a proactive trader...or maybe a little of both.

All you who answer: Are you consistently profitable? (if you don't mind sharing that information)

I would think the most profitable traders scale in/out and are more proactive than reactive.

I personally average up/down in approximately 10% of all trades, and I am more reactive than proactive in about 40% of all trades.

 

[Lobster]

Oops! First of all, I forgot to mention: I am slightly profitable.

Plus, I have to correct one of the numbers: I am more reactive than proactive in approximately 70% of all entries.

 

[prox]

Quote from dedicated1:

Do you average up/down or put the whole thing on at once ?

Does it depend on going long or shorting ?

Does your entry depend on the market or specific trade setup ?

Does it just depend ?...or not even matter ??

Are you a reactive trader or are you a proactive trader...or maybe a little of both.

Whole thing at once

No

Yes

No

Yes

No

 

[Free Thinker]

averaging works fine until you are on the wrong side of a move like we had this week then its disaster.

 

[oddiduro]

Quote from dedicated1:

Do you average up/down or put the whole thing on at once ?

Does it depend on going long or shorting ?

Does your entry depend on the market or specific trade setup ?

Does it just depend ?...or not even matter ??

Are you a reactive trader or are you a proactive trader...or maybe a little of both.

NO.

I am profitable.

I am a reactive trader.

I learned these lessons well because of when I started to trade. 10/8/99. The peak of the bull. I thought I was superman until the day MSTR opened 200 points to the downside in the premarket, and I was very heavily long. It took a year to recover those losses from one day. :eek: