all trades are initially losers,you are born a winner, you cry ,you fight,you grow, when your'e 1 year old ,you do pushups all day long and rock til you can walk, a trade faces nothing but adversity, you see a market and u trade it, you build a position, and you close it for a profit when it will go no further, long or short you hold it til you meet your target, u have a spot where it says u were wrong,... IT says,.... NOT your acct, you position your size around this nullifier, iif it's nullified you take a loss, it's all about the if it goes here,not where u got inQuote from Cheese:
What a fund (or a very large fund) may do, in both strategy and tactics, is likely to be different from what is best for an individual trader. Thus in my posts you will find me often referring to the individual trader because of the need for this distinction.
To add to a losing position is an unwise diversion for the individual trader. Why? Firstly the individual trader is either starting with or is trading with limited capital. Secondly the most effective use of time for an individual player is to acrrue net profits day on day (using volatile and liquid futures markets). This precludes running an accumulating losing position.
Quote from makloda:
When adding to losers, every once in a while, conviction turns into desperation
Quote from Cheese:
What a fund (or a very large fund) may do, in both strategy and tactics, is likely to be different from what is best for an individual trader. Thus in my posts you will find me often referring to the individual trader because of the need for this distinction.
To add to a losing position is an unwise diversion for the individual trader. Why? Firstly the individual trader is either starting with or is trading with limited capital. Secondly the most effective use of time for an individual player is to acrrue net profits day on day (using volatile and liquid futures markets). This precludes running an accumulating losing position.
