You manage other people's money. This is profi's job.
Regarding retracment. Market always goes up and down and any position opened at the random moment of time can show nice profit soon or later. The question is what will it cost trader in terms of money and psychological pressure.
Imho, Averaging works well for long-term trend following when trader adds to the position but every time decreases number of contracts. In short-time trading averaging is poor tactics
