Hell yeah! It sux that this stuff is 40 years old now. Man, good times. But where has the time gone? Eeesh.
You mean average down a losing position?....well now...ugh! MR. WB DOES THAT? Somebody on ET needs to warn him of this destestable behaviour...ROFLMAO
Someone should have warned him not to insure BOTH of the Twin Towers against a full loss. And you saw them trying to defend that they only had to pay for one building since the same thing happened to both buildings on the same day, making it "technically" ONE event. That's the kind of stupid thinking that panic creates
Yes, but galvin888's said: So those 100 traders would have to view the same time frame in order to answer. And no matter what the time frame is for the chart he chose, the answer is so obvious that the 100 would most certainly agree.
Learning to read what the market is saying is a trait of a successful trader. Like reading, there are levels of skill based on and built upon fundamental concepts. Also like reading, when one achieves a fluency, there are nuances in meaning that can only be perceived by practitioners of that specific language. Every specialized field of endeavor has developed it’s own vocabulary and language out of necessity to facilitate understanding.
If you are playing with the markets money you could possibly increase position size. I would not take a second trade after the 1st entry.(assuming the trade is in the same direction).The first trade is going to have the better entry.If a 2nd signal appears I would stay in the 1st trade.