Averaging Down A Losing Trade

Discussion in 'Professional Trading' started by JSSPMK, Nov 1, 2007.

  1. Buy strength, not weakness.
    Sell weakness, not strength.

    Correct interpretation of strength and weakness is key.

    N.B. I did not refer to building a position by means of scaling in, rather to averaging down a trade that should have been stopped out.

    Charts don't lie, people do

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662231>