@oilfxpro
I averaged before and I averaged now because I know market will remain in this range for enough time for me to get out profitably. And no market wont go to $98 overnight let alone $40. One has to have deep understanding of the fundamentals and technicals before going for averaging out. Although I am not a fan of averaging out it can save your life even on an ordinary day(when u dont know for sure that market will remain in a certain range). How? because crude tends to have a daily range of $2-$3 during which u can average out and get out of your position during NYMEX times or GLOBEX timings
@all
my account size is $100k
and my daily profit target is 10%
so far ive acheived 7% per day
I averaged before and I averaged now because I know market will remain in this range for enough time for me to get out profitably. And no market wont go to $98 overnight let alone $40. One has to have deep understanding of the fundamentals and technicals before going for averaging out. Although I am not a fan of averaging out it can save your life even on an ordinary day(when u dont know for sure that market will remain in a certain range). How? because crude tends to have a daily range of $2-$3 during which u can average out and get out of your position during NYMEX times or GLOBEX timings
@all
my account size is $100k
and my daily profit target is 10%
so far ive acheived 7% per day