daytraders after market lounge 29th feb 1012, page-36

  1. 2,718 Posts.
    lightbulb Created with Sketch. 375
    Nice to hear Bazinga,
    Try doing that on FX trading! - boots and all strategy doesnt work there. Im helping a friend learn FX trading (thats what he wants to do - my heart cant handle FX so I stick to stocks). I say to him, small position to start with, double the position at each support level going down and dont trade against the trend.
    If you are taking positions in uptrending stocks then it is quite reasonable to take a position and if the stock falls, buy twice as much at the next support then 3X the original position at next support etc until the stock moves up or run out of capital to put in. Only to be done with uptrending stocks IMHO and not relevant to D/Ting but its a strategy. Like all things, it helps to have a well thought out plan before entering a trade which most people dont have.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.