Registered: Jun 2011
09-18-12 03:15 AM
I told you as soon as you mention averaging down all the crazies come out of their books and charts and start telling you why you are wrong
some people have a very shallow idea of trading and believe they can foretell the future
I treat it like a business and if I am trying to buy inventory I prefer to buy it at better and better prices
sometimes I'm right sometimes I'm wrong, but I usually have a decent average price
when I'm wrong the setback is horrendous, and that is the risk I am willing to take. Not sure why taking many small losses is preferable to taking one large loss.
If you don't understand it, I agree, you shouldn't do it