Anyone use an average up/down strategy like the following with success? For example say you enter e-mini future (ES) short at 1000 when your indicators/guess said to go short and the price ticks up to say 1002. Instead of closing out the position with a stop loss at 1002, average up by going short 2 additional contracts. Math is 1000 plus 1002 x 2 = 3004...and not considering commissions 3004 divided by 3 = 1001.33. Then say it went against you an additional 2 points at which point you go short an additional 4 contracts. Math is 1000 plus 1002 x 2 plus 1004 x 4 = 7020..... and 7020 divided by 7 = 1002.86. If you then ran out of money to short more you close out the 7 contracts at say 1006 and your loss is = to 1006 less 1002.86 = 3.14 x 7 x $50 = $1099. If you are convinced your original decision to go short is valid the advantage of averaging is you don't get stopped out early, only until it goes 6 points against your 1000 entry price. And when/if it turns before reaching 1006 you are never that far away from a profit or breakeven.