No it is not martingale even though they may be kissing cousins, however, I may do some martingaling in some situations when I want out of a position, I mean like yesterday, not 1 hour from the moment. Martingaling really brings the BE closer for quick exit. For instance, 3 averaged down entries: Scenario #1 Start 1 contract Add 1 contract Add 1 contract or Scenario #2 Start 1 contract Add 2 contracts Add 4 or 6 contracts depending on how giddy one feels.. Bingo in Scenario #2 BE suddenly very close to present PA inside bid and inside offer. But if wrong…. Well…. hello Dollar Tree goodbye Dillards. If right and decent favorable move ….hello Dillards..goodbye Dollar Tree.
Probably. I'm just so bloody weary of my trading style, and I like yours. I always have. It was the first thing I ever did when I started, before joining this forum. It was a painful mistake and I never revisited that method much until a couple years ago. But I just cannot reinvest in the screen time to try that again. My mind is so tired. So tired. All I know is, your broker is eating prime rib and filet, while mine is eating Kraft Mac 'n Cheese. Ug.
That is horrible. He stayed in a position too long, averaged down too many times, while out of sync for the session.
I have always liked scalping. Back when it was fractions I used to scalp stocks 1/16…1/8…1/4..1/2..3/4 over and over. I tried some long term trading of stocks. For the most part a total flop for me. Then people start yelling precious metals. Seems like as soon as I buy the darn stuff goes down and I am left holding for years waiting for the supposedly manipulation to end….which it never does…well there was one brief time it soared some …I forget which april….I’m not sure if there ever was any manipulation.