YES ! The "UNCLE" point... Averaging in is a STATISTICALLY fine strategy... It is done by THE HUGE FUNDS every day/all day: Hedgies, Pension Funds, Mutuals, Endowments, Banks, Brokers, etc., etc. They all do it every day... You can see it on the T&Sales tape every day. Many Algos do this. But "YES !" you have to average in your buys or sells with a definitive... GET OUT... PRICE UNCLE point... Example: SPY opens at 562... climbs to 566 and is above vWap & vPoc and today's Relative Volume reading is solid above 1.25 and the Order Book is Flush with plenty of bids and offers. Not dry. vWap price is 563.15 and you want to buy in 500 shares at 100 shares each 'Average In' Price as the market pulls back... As long as SPY is above 563.15 (vWap) you Average in your 500 shares... But If it breaks vWap decisively then you must get out Half or 2/3s or all of it... With this strat You are taking your losses and you are following statistical probability theory by averaging in your entries because the price pull back would be randomly distributed as price falls on a pull back retracement. So Yes... Bobs Your "UNCLE"
Havent read it... His ego was/is his downfall..... Anyone who knows him says the same thing... Pretty sure I have seen him in the new neighborhood Fun Fact..Did you know that Jske Burton,of Burton Snowboards worked for Vic Neiderhoffer?? Didn't last long,found something better to do with his time
he lives up by you? I thought he lived in/near Greenwich. The guys a weirdo. He named all his kids after Ayn Rand characters. I think Jake made the right move.