Yep. It's been fun chatting. Market's are open again, so back to work. Good luck with your trades.

why is everyone so afraid to average down?

Sure...anything goes, but it doesn't mean it's best practice. It's not that I don't understand that it is possible to trade small enough lot sizes where someone can go 1000 points into the red and wait for the market to come back around, that's easy ...

why is everyone so afraid to average down?

You've taken two entirely seperate statements I made and combined them. When I spoke about a $100,000, I clearly stated it was my personal sentiment concerning risk on my private account, that statement had nothing to do with trading for clients. Of ...

why is everyone so afraid to average down?

There's no benefit in working purely in percentages. In the end, percentages are real dollars and cents. P&L, quarterly dividends, and client relationship management are all that matter, not some hypothetical theory. There's a big difference between ...

why is everyone so afraid to average down?

out here at 131.03. not 131 exactly, close enough. was worth the wait. may drop lower, but enough for me and a nice way to end the week. have a great weekend!

The WoRmHoLe

cheers. looks like we're range bound atm. pretty lazy PA. we've got the KOF news in a hour. if they're planning on moving this, may happen then. if not, I'm starting my weekend early. good luck w/ your trades

The WoRmHoLe

I agree, with long weekend, we're looking at a sketchy day. just chicken trading atm... if it even starts to look funny, close and take my pips off the table. need to trade my mouse in for one of these if I can program it to my order ...

The WoRmHoLe

If you really want to play it safe watch your 4H candles. Last 4H was a hammer, which typically would be a bullish sign, but in the current market is meaningless because we've had a couple of reversals recently on hammers and this one didn't breach ...

The WoRmHoLe

current chart. 132.2 is holding as support atm, 133 as resistance. waiting for breakout. 4H OB, so prefer the downside... would take either. GL w/ your trades

The WoRmHoLe

Hey bro Everything looked right for that trade, was considering it myself. PB to DPP and break below for TP 131 was great setup...but it looks like no one's interested in pulling back yet. (signal I was waiting for was 15M break of recent lows TL ...

The WoRmHoLe

Clients don't like drawdowns. They like slow, steady growth without large swings in account equity. So the trading methodology that should be applied to "other people's money" is percentage based, just more conservative than someone trading a ...

why is everyone so afraid to average down?

Bookmark this post. In 5 years the response you give yourself should be interesting.

why is everyone so afraid to average down?

Of course you can do anything you like. Everyone trades differently. Guessing when and if the market is going to turn around is just that. Maybe risking a few hundred dollars on a potentially bad trade isn't that big a deal for some people. But ...

why is everyone so afraid to average down?

If you don't know who Nick Leeson is, never heard of Enron, Nortel, or the 1974 sugar trade, watch this. The best 10 minutes you will spend getting the answer you need. url Averaging into a winning trade on pullbacks is a perfectly acceptable way ...

why is everyone so afraid to average down?

You're not crazy ...lol My first instinct was it had to be an MT4 problem because Navigator has never given me any trouble and MT4 can be buggy. But Trade Station was showing the same price as MT4 and the people in my trading group were also ...

MB Trading Futures - Introduction

Justin, Any idea why this is happening with Navigator and what can be done about it? Is anyone else having this problem? Thanks.

MB Trading Futures - Introduction

Justin, What is going on wth the bid ask prices on Navigator? During NY session the price was 40 pips and greater difference than market price on 3 MT4 charts I'm running from different brokers (including the MBT MT4) and my TradeStation live feed. ...

MB Trading Futures - Introduction

Hi Tigertron, Thanks for your work on the indicator. I really like having the Daily Weekly and Monthly pivots all in one indicator. I noticed you stopped posting. I was wondering if you stopped working on the indicator at this point. Would it be ...

Tigertron Pivots

lol... nice one bro! sake's on me watching GY 133.3 channel utl, break north, in for long. bounce for the short. DPP neckline cross at the 1H 50ema first topside target. atm S1 133.1 holding price in check. taking it slow today, had a big weekend ...

The WoRmHoLe

makes sense. I come here to chat with Azim and have a bit of fun, but don't follow the forums either. much healthier for the account balance.

The WoRmHoLe