Posted by bulf6285 on 12th of Aug 2020 at 09:22 am
z0ned, I'm in a similar boat to you. The way I handle it is
position size. If I want a 50 share position, I buy 25 at the
trigger, and another 25 lower in case of a backslide in price. This
gives me a lower average cost and allows me to have a wider stop.
If it never goes down, great... I just have a smaller position with
no loss. Just my 2 cents.
I dont know if I agree with this. If you understand the company
well, then i would add. But if you are a short term trader its a
different story. I was negative big on banks and airlines. But i
added them strategically and made it big. But if you are
playing options, then you need to cut them loose because the risks
are high
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
z0ned, I'm in a similar
Need some help from the A-Team - I just can't ...
Posted by bulf6285 on 12th of Aug 2020 at 09:22 am
z0ned, I'm in a similar boat to you. The way I handle it is position size. If I want a 50 share position, I buy 25 at the trigger, and another 25 lower in case of a backslide in price. This gives me a lower average cost and allows me to have a wider stop. If it never goes down, great... I just have a smaller position with no loss. Just my 2 cents.
Thanks Bulf - That's an
Posted by z0ned on 12th of Aug 2020 at 09:47 am
Thanks Bulf - That's an interesting idea. I'm going to test that out. - Matt.
" Never average losses by, for example,
Posted by brophy on 12th of Aug 2020 at 09:53 am
" Never average losses by, for example, buying more of a stock that has fallen.” - Jesse Livermore
I dont know if I
Posted by arun on 12th of Aug 2020 at 09:58 am
I dont know if I agree with this. If you understand the company well, then i would add. But if you are a short term trader its a different story. I was negative big on banks and airlines. But i added them strategically and made it big. But if you are playing options, then you need to cut them loose because the risks are high