Good luck with it Leon - I see you like the Kings of Leon; I have been to see them a few times live when they first started out. regards daytrading

Averaging when already In the RED....

Hi Leon, How is your $/Y doing? I have reduced the total position by one unit, running the remaining 3 in profit. regards daytrading

Averaging when already In the RED....

yes, haha - round in circles we go. regards daytrading

Averaging when already In the RED....

No, Leon - Price changes only when current bid's and offer's change (and one way of this happening is for example that a bid is now willing to pay the offered price). The market can trade multiple times at the same price, e.g. if there is a large ...

Averaging when already In the RED....

That depends on what is your definition of a 'price move'. Theoretically the answer is yes. It is best explained with an illustration of an illiquid instrument. Take any illiquid stock for example. The price you get quoted by a broker entirely ...

Averaging when already In the RED....

Hi Leon, What precisely would you like to know? regards daytrading

Averaging when already In the RED....

This weeks scale-in trade. Possibly room up to 97.50 initially. regards daytrading

Averaging when already In the RED....

Hi, no offence intended - as long as we talking the same thing for the learners. good trading to you too. regards, daytrading

Averaging when already In the RED....

Yes, all-in-all what you are saying reflects my main point. I would add though that even if you do that 'breaking-up' of a total intended position into smaller increments in order to average, there is still a matter of timing involved. That is the ...

Averaging when already In the RED....

Dear CateFul, Before taking sides with what looks to me like a very broad generalization, maybe it wouldn't be such a bad idea to consider the following points/questions. What according to Paul Tudor Jones (the guy in the picture) constitutes a ...

Averaging when already In the RED....

Hi Leon, 1st buy EU on 21st at 07:54 @ 1.2946 2nd buy EU on 21st at 13:03 @ 1.2915 3rd buy EU on 21st at 14:12 @ 1.2975 I had one further buy limit at 1.2885 if it would have gotten there since the previous days low was 1.2886. The 3rd buy at 1.2975 ...

Averaging when already In the RED....

Hi Leon, many ways lead to Rome. It's one of the strategies available to trade - there are more in the tool box; some short-term some long-term. Closed the bulk +300 (with an entry avg. at 1.2945), which brings the week to over 5% - have to cut the ...

Averaging when already In the RED....

The trailing stop for all eur/usd long positions now moved further in our favour - and first retracement allows to identify new short-term uptrend. New TL as a measure to move stops along - until it turns again. regards daytrading

Averaging when already In the RED....

Hi, Just to illustrate the scaling-in process (or averaging-in) more to the point of the thread. The usd/chf position has been stopped out for a profit, so has the usd/cad position. The only position which has survived with a total of 4 profitable ...

Averaging when already In the RED....

Here are the last 3 positions I am building since the beginning of this week. Currently up by 2.4%, worst DD was at 1.2% and trailing most orders by now. regards daytrading

Averaging when already In the RED....

Triphop, I don't know in advance in which order the entries will be stacked. I take my first entry at market and place the limit/stop according to where the price moves next. So for example there could be one market order, one limit order below (if ...

Averaging when already In the RED....

Fugly, There is a difference between 'building' a position and throwing good money after bad as you put it by keeping a dead position alive. Before the beginning of a major directional move (or trend), there is usually a preceeding period of ...

Averaging when already In the RED....

Yes, once the position is built and moves into the desired direction, you are automatically averaged UP by as many positions as you have averaged down. Further positions will (or can) be added and each will have its own trail in order that ...

Averaging when already In the RED....

Hi, Superdezign is correct: your maximum position should be the end-position comprising of as many increments of individual smaller positions as you see fit. Once I see a possible change in direction, I place order types (limits below the price and ...

Averaging when already In the RED....

Hi, I suppose with X2 he means 'times 2' your capital - for leverage. regards daytrading

Hedge trading spieler system derived from futures spread trading