the myth of averaging down for traders

[SoyUnGanador]

Thanks but I have him on "Ignore" so I don't see his s***. LOL But you can have a go at him any way you want. You have my support. Have fun!!

Oh I will!

 

[TheDawn]

Oh I will!

Knock yourself out!!

 

[SunTrader]

Oy vey cay.

 

[hipster ned]

This thread is like a game of mad libs

 

[SoyUnGanador]

This thread is like a game of mad libs

And in fat thing destrina's case, chocolate covered bibs LOL...

 

[SunTrader]

Why so sour Soy?

 

[Overnight]

Averaging down works only in bull markets. We may not yet be in one, so use caution with this technique, which was espoused by volpri before this bear market that started last year.

Notice how we have not seen volpri in a while? Could be licking his wounds. Dangerous times, chaps.

 

[hilmy83]

wanted to sell 1 wound up with 30

What we think will happen forever:

In reality:

 

[hipster ned]

Lets get back to the critical difference between averaging down and scaling shall we? Or is this too much for the NPC’s that populate this place?

 

[Tradess0610]

5-Scale out also. After an entry, place a sell order 5-15% above and a buy order 5-15% below.

...

***Outperformed the market in a down year but feel it may underperform in an up year.

Would guess it underperformed in an up year due to scaling out the winners too soon.

But overall, loved the list, plenty of good points to consider!