just from experience (and having backtested various strategies),
doubling up/adding to positions when an instrument is in some form
of downtrend is very dangerous and will lead to pain more than
gain
Sorry to be the bearer of bad news!
(define downtrend how you feel most comfortable. I have my
approach but its not something I wish to expand on if thats ok as
its part of several of my strategies....but hopefully the principle
of what I am trying to say is clear)
Palladin, you have good sense of humor.....and I hope you make a
ton of money on your NG trade (and that you don't have to use any
other protruberance than your nose! LOL).
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just from experience (and having
I'm getting skewered by my nat gas plays as usual. This ...
Posted by vimal on 19th of Aug 2010 at 11:20 am
just from experience (and having backtested various strategies), doubling up/adding to positions when an instrument is in some form of downtrend is very dangerous and will lead to pain more than gain
Sorry to be the bearer of bad news!
(define downtrend how you feel most comfortable. I have my approach but its not something I wish to expand on if thats ok as its part of several of my strategies....but hopefully the principle of what I am trying to say is clear)
The success or failure of
Posted by Palladin on 19th of Aug 2010 at 11:33 am
The success or failure of averaging depends IMHO on ones time frame, patience and understanding of the fundamentals affecting the investment.
My nat gas plays are swing or long term altough I've been spooked to sell a few times to my regret.
For day trades or scalp plays, averaging down is dangerous if the play is not going as expected.
Palladin, you have good sense
Posted by hs1935 on 19th of Aug 2010 at 12:23 pm
Palladin, you have good sense of humor.....and I hope you make a ton of money on your NG trade (and that you don't have to use any other protruberance than your nose! LOL).