Definitely. All strategies that use leverage are prone to massive losses. Averaging down is just the quickest way That being said, however, there are times when averaging down works. Today is a perfect example. Buy the dips following the Fed and let her fly.....
i'm out of the spy .was up on the initial sell.. but the first way ws the wrogn way!! anyway i ended up taking a small loss
The thread was put into chit chat because it was simply another "Look how good I am" post with no specifics. If the OP would like to begin a journal in the journal section, or post REAL TIME trades in the Trading section, I would be more than happy to leave it where it is.
oh well.. I am done with ET for good! i thought i added a lot to this site, but tis funny how the moderators play favorites. Anyway good luck to all of you and I hope that in some small form or another i have at leat opened your eyes to trading. Peace out.