I know some ppl who pyramid but they have a strict plan and they pyramid up and down. Def no averaging down and praying.
I think averaging up makes the most sense and its what i personally do. The first buy in contains the most risk so thats the smallest parcel/ I also use a strict stop for that then a trailing stop for then on in. In my view risk management is the key to success. Most ppl learn the hard way (i did)
To quote the great Paul Tudor Jones:
average down - lyc, can it work?, page-24
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$6.40 |
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Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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