Why would you ask such a thing? A full postion with a stop above is all you needed on this chart... the need to consider averaging down never materialized. And Im not referring to just one specific entry location either. If u come back and tell me it did- the first step for you will be learning how to properly read a chart and defermine how to identify the highest probability areas where supply and demand exists. The next step will be learning what factors cause these areas to be honored... vs what factors cause them to be breached. With this knowledge you would never have made that comment. Get an edge Daring... Get an edge. Pinning your hopes on advocates of averaging down... advocates that you hold in high esteem-- and hearing what you want to hear from them as a means to justify your predisposed bias on the topic is not your solution.
not at all, I'm very rarely more than 50% margin committed. this idea that we just keep martingaling until we break the bank or go bust is just nonsense from tea leaf readers who think they have an edge I don't even like the word edge. An edge is what the house or the broker has for someone to say they have an edge becuase so far it has usually worked is quite comical to me
Ok oldtime-- what does determine an "edge"? Surely there must be a way that you don't find comical? Because otherwise- your comment can only mean one thing- that u believe an "edge" does not exist... period. When you reply- pleasr incorporate probabilites into your thesis and how this relates or not.