How frequent will you average down? When do you know to average down? How much money at your disposal to average down multiple times? Why average down losers when you could be averaging up winners?
Obviously I struck a nerve cuz people don't like to be told they are trading wrong. Using stops is useless anyway. As you mentioned, it won't protect you overnight when all the big dumps happen so you're left with having to close a trade at the end of the day LOL.
This is the Crux of the problem. None of you or basically nobody I've seen here is able to chart worth anything. When I enter a trade I'm entering it knowing where it's going statistically... Not just going by imaginary support and resistance.
Those were mechanical trades and the premium overcame the losses as expected. GME? I profited like 10-15k!!?. I got out because I got some advice once from an older professional trader, that you got to know who you're trading against. In this case I was trading against the CEO who was trigger happy with share offerings.
wxytrader, why did you create a second profile? Is this wxyguy going to like all your posts suddenly?