Averaging Down A Losing Trade

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

  1. JSSPMK

    JSSPMK

    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>