B1S2: You were right on this huge down move. My question is why not add to it when it did originally move against you to 1340s, or once you saw your stop hold? seems that kind of conviction could have made for an enormous pay day (and stop was still plenty far outside your noise area)
I trade all in all out since it could have dropped right from the entry and then I wouldn't be getting full pop. I haven't been right though until I close the position. --Still could be a loss. Also, when I get in with full position on, it limits the number of future decisions to make. Most decisions are wrong, so I want to make less of them.
the market moves up in threes and sometimes down in threes,houses catch all the moves,on the way up and down,they create the turns,bounces,the rallies, pullbacks and failed rallies get u and i in so they can take the other side...we are the barnacles on the ship
I do not think you are thick headed enough to let it run against you at this point. You are well into profits. To me adding positions in the middle of a trade especially when you add your total "normal size" trade all at once when you make the trade is not a good way to trade. If it comes against you then you just averaged down rather than having your original position at the higher number with lower risk.
This is a discussion for the "scaling thread", but I will make just one point here about this and then will not address again-- Each of these rallies, pullbacks etc is not averaging, but rather each leg is to be treated as one trade with it's own stop etc.