NOK

Quote from ARogueTrader:

Only loozers quote trading platitudes on message boards.

Averaging in is a proven winning system that works well for some people, and not so well for the impatient.
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Bad strategy. It OK to scale in - but only when your frist trade shows a profit. Add to winners. not losers.
 
I've been away from the market for a couple of days so I'm a little behind the curve but I noticed this setup right away. I checked the news on CBS marketwatch and could not find anything negative. In fact, the news looked pretty good to me. Does anybody have any idea why NOK has taken such a pounding. I know that technical traders may not think much of this info but I understand that NOK will announce earnings on April 16, probably a good time to keep an extra close eye on your positions.
 
"Don't sail south. If you sail south you'll fall off the end of the world but if you sail north when you tip over the edge you'll just start sailing down the other side."

Um, sorry but I just said that to add about as much value to the discussion as Baruch did in his last posts.

Repeat after me: all that matters is net expectation. Trading cliches from books and websites and other traders are USELESS.

Averaging down is in some ways just another way of describing being short gamma, ie you get longer/shorter the further the spot moves down/up.

I'd go as far to say that if you don't understand averaging and why it works then you don't understand the markets.

:p
Q1

P.S. Baruch: I apologise for being rude but "faith-based" statements about markets get me irked.
 
Quote from Quiet1:

"Don't sail south. If you sail south you'll fall off the end of the world but if you sail north when you tip over the edge you'll just start sailing down the other side."

Um, sorry but I just said that to add about as much value to the discussion as Baruch did in his last posts.

Repeat after me: all that matters is net expectation. Trading cliches from books and websites and other traders are USELESS.

Averaging down is in some ways just another way of describing being short gamma, ie you get longer/shorter the further the spot moves down/up.

I'd go as far to say that if you don't understand averaging and why it works then you don't understand the markets.

:p
Q1

P.S. Baruch: I apologise for being rude but "faith-based" statements about markets get me irked.
More...

Ha-ha. Faith-based? Yes, maybe, I believe strongly in doing THE RIGHT THING. And not the wrong thing.
And the right thing is to add to winners, not losers. Buy more on the way up, not the way down.
P.S. By the way:Be carefull with Nokia. The whole Finland owns it -and the half of Sweden. And they love Nokia, and wants to buy more Nokia.
 
I get a kick out of people telling me that something doesn't work when it does.

Quote from Baruch:

Bad strategy. It OK to scale in - but only when your frist trade shows a profit. Add to winners. not losers.
More...
 
Ahhh, so you are the king of the RIGHT thing?

Too funny.

Quote from Baruch:

Ha-ha. Faith-based? Yes, maybe, I believe strongly in doing THE RIGHT THING. And not the wrong thing.
And the right thing is to add to winners, not losers. Buy more on the way up, not the way down.
P.S. By the way:Be carefull with Nokia. The whole Finland owns it -and the half of Sweden. And they love Nokia, and wants to buy more Nokia.
More...
 
Quote from ARogueTrader:

I get a kick out of people telling me that something doesn't work when it does.
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Maybe it's works most of the time, but not all the time. That's the problem.
 
Nothing works all the time.

Ask Tiger Woods, Barry Bonds, Michael Jordan....yada, yada, yada.

Quote from Baruch:

Maybe it's works most of the time, but not all the time. That's the problem.
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