Cman - yeah, I am getting plenty of laughs out of all this heart banter as well. It is getting more and more ridiculous as time goes on, but it's always amusing when you don't have money at stake (which I don't as I'm not "active" at the moment).
Incite - I certainly don't have all the answers when it comes to trading (as is well documented on here) but the strategy you have outlined is, to be blunt - a shocker...LMAO...
Trading 101 - do NOT average down! That is like leveraging yourself out a bad trade / losing position by throwing MORE money at your mistake! A stop loss would negate the need to average down...at the same time freeing up the trading capital to use elsewhere on a winning trade. Not to mention the averaging down money you are also tying up whilst you wait for an exit point on the initial bad trade.
Sorry - no offence intended - I just don't think it's a wise trading strategy...and yes I have tried and failed at that one myself a few times!
