LOL, well maybe a stretch but you've seen those 320 ton trucks that come up out of the pits, I couldn't do that.
talking about truck and pit, you should see this pit, it takes 90 minutes for a truck to come out of it. http://www.flickr.com/photos/gahsoon/198968563/
You are wrong - its OK to add to losing position e.g if plan my final position size to be say 6 contracts - i can start by buying just one or two but with a very wide stop - if the the next day price goes down against me i can buy two more and if goes down again the next day i can buy two more at a lower price and reduce the overall cost of the position. Once im loaded i will exit either with small loss at a certain point. Each time i buy lower i reduce the stop cost - its quite an effective strategy contrary to common beliefs
No this is common beliefs. "Reduce the overall cost of the position" - right but you're paying money to do it, and by buying lower and lower you're losing more. If somebody came to me and said "Pay me $100 and I'll reduce your cost basis by $50" that would be a lousy deal.
martingale. same shit. with enough capital and something with a little bounce in it, almost any trade can be made profitable. unless you start buying LEH or CMGI at a bad time. then you're sodomized.