Double up in the correct direction after taking the loss and the monies lost are back in short order in the account and soon in a handsome profit. If a trader is gonna average down like I do then it is imperative that he knows exactly where he will jettison his position for a loss. He must identify where his original premise is likely wrong. And if the market take price there he must exit.
My trading friend once told me one trade does not define your career - he meant winning - I think this applies to losing - do not make this one error define who you are in trading - best trades going forward
The issue is that you stated the following... To be able to make that statement, you then must have statistical information, backtest results, example trades or anything in that specific situation as Max to be able to state such. I'm just trying to get you to post the info to support your statement about MACD would have saved him a lot of trouble. The fact that you seem to have no info (not even a chart example of that particular situation nor statistical data that Max trade involved...I will no longer bother you about this further...carry on. wrbtrader
not sure if you misunderstood what i meant in the first place perhaps its an understanding barrier, MACD, on daily chart, there buy on sell signal, sell on sell signal, there is less than 25 trades in the whole year, dont be lazy, any one can pull up this chart,,