the myth of averaging down for traders

newwurldmn · Feb 20, 2023

this is elitetrader. You aren’t supposed to read the nuanced argument. .

semperfrosty said:
You are cherry picking the post.

He said:

Recognize that there are many different strategies that work in the market.

There are many people who buy assets knowing they will ultimately appreciate but don’t know when. Often their trades are underwater for a long time. You know the names of some of these people as you probably have read about them. they are some of the most successful wealth generators of all time.

The bold is mine.

He didnt 'start to speak' about wealth generators.He started with "there are many different strategies".He emphasised his original statement by giving an example of who might fall in the category he mentioned.
More...

SunTrader · Feb 21, 2023

newwurldmn said:
if you can’t perfectly time your entry then you are an idiot.
-virtusa
More...

No. If you can't tell up from down - for a long entry - you might be an idiot. - Jeff Foxworthy (sorta).

newwurldmn · Feb 21, 2023

SunTrader said:
No. If you can't tell up from down - for a long entry - you might be an idiot. - Jeff Foxworthy (sorta).
More...

what the hell does that mean?

Log in or Sign up

the myth of averaging down for traders

newwurldmn

SunTrader

newwurldmn