Scale onto trade or not?

Discussion in 'Trading' started by bloomberg1, Feb 11, 2020.

  1. TommyR

    TommyR

    absolutely absolutely. id say dont not know what you are doing though. bear it mind if anything goes wrong you will be spinning out millions of orders at the wrong price so dont make that happen (knight=bankcrupt). and then also its very very risky and how would you close something that you are responsible for because everyone is dispersed, markets are dysfunctional.
     
    #11     Feb 11, 2020
  2. MarkBrown

    MarkBrown

    never scale in - always scale out
     
    #12     Feb 11, 2020
  3. DevBru

    DevBru

    It really depends on the strategy.

    I never scale in since my trades don't last long enough. I have small stops and small targets. If i am wrong i cut my losses and move on to the next trade.

    The larger the target/timetable of the trade the better the opportunity to scale in.

    On the other hand, a lot of losing traders add on to a losing position in the hope it turns around. Which of course is one of the the worst things to do.
     
    #13     Feb 11, 2020
    comagnum likes this.
  4. I scale in a strategy I use cause sometimes the extension is not big, but I always know where is the end of my scale (= the best entry I can have in a trade)
     
    #14     Feb 18, 2020
  5. ironchef

    ironchef

    Me too. I trade options, not always but often averaged down. Maybe I am nuts? o_O
     
    #15     Feb 18, 2020
  6. TommyR

    TommyR

    well i mean can you sort a tensor with the number of calculations order(nlogn). no. so dont worsen your average entry level without the algorithmic power to compensate.
     
    #16     Feb 20, 2020
  7. SanMiguel

    SanMiguel

    Scale out for day trading.
    Scale in seems more of a swing trading thing to me.
     
    #17     Feb 20, 2020
  8. ironchef

    ironchef

    No but I can better vector into my longs, tensor into it does not profit as much.
     
    #18     Feb 20, 2020