They have to make sense. I might often see averaging down, give return but it often took so long, there was ten times the return on others elsewhere in the period . So I think it's OK as long as it isn't causing an opportunity cost ie restricting available capital for the other opportunities. Never fear taking a little hit on an instrument. It is very much, such exits that contribute to overall profit yearly. I attribute 50% of total gains in a period, to exiting trades that just are not… Read More
I'm doing that with another interest and working out quite well at the moment, it is my first time doing though tbh. This one going OK but a lot lower than TLW so risk minimal for me.
Perhaps I should do here but, as you mention slaughters most, have seen it happen to a friend and it wasn't pleasant. Would not have liked to have been in their position, only ever, ever, ever use what you can afford to lose!
Think I will just ride along for now, see how start of next week unfolds, faith… Read More
Could always compound position at next buy zone and get that breakeven close and loxked in. Averaging down is not advisable though, slaughters most. Averaging into profits is OK alright I see a few bullish interwst prices below 250 but only potential. Could just as easily be continuation of bear confirmations. But having said all that, bounce could start Monday and be smiling. Everything said is only an assumption. Price could easily confirm the opposite way soon
It's never a gamble. 95% is position management. Identifying the buys and sells is the easy bit. Old adage.. If your thinking about it, your in too deep or not in control.... Control the market, not vice versa
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