If you don't know where to start, start here! Don't be afraid to ask questions.
dieselboy101 wrote:ONLY FOR THIS EXAMPLE: If it were me, I would place a limit order that allowes me to BUY again where my s/l was. Again that is only for the example given where 80% of the time it goes up, comes back to hit your s/l then continues back up.
This tecnique is "adding to losing position", isn't it?
I never used it due to its controversial manner.
I have no idea, from where this 80% is coming,
so I cannot use this statistics to risk twice more.
In my opinion, in 80% cases - if price did go down till stop-loss,
it has very little chance to go up again.