lets say the max is 5,sell 1,1 , 1 ,1 pullback cover 2,rally sell 2 ,increase avg,pullback cover 2 ..and so on...go with the flow cover and add,eventually there is a drop and take profit, if you hit a major tl or extreme overbought load up on sh side,occassionally you will get caught but you will never get another market where the fear to the downside is so strong that the upside breakout will always be muted
i was wondering the same thing last time his avg was 78 7/8 then he added 88, which made total avg 84 so i guess you're right he must have added at least total of previous positions...?
wow thats not bad at all...what kind of prep work did you do before you went live with this strategy?
years of watching market profile and supp res trendlines,up and down vol, wtaching trans and spx work together,then buy or sell at those points...in the late 80's the spx had a 3 point range and you could scalp the market profile daily and cleanup, now you have to look at multiple days,weeks ,months but the same principle works
ive always been a system trader being too emotionally biased to be able to do the alternative successfully. i just went through the worst month in a year last month...so my confidence is very shaken at this point.