2009.05.14 TRO_AveragePrice

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TheRumpledOne
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Postby TheRumpledOne » Sun May 17, 2009 1:17 am

I post the fib retrace and average price indicators.

But I will not encourage this practice.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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TheRumpledOne
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Postby TheRumpledOne » Sun May 17, 2009 1:19 am

I posted the fib retrace and average price indicators. Tools to be used to trade your way out of a losing position.

But I will not encourage this practice.

The reality is when you average, there is a winning part and a losing part. Most traders over react too quickly and just make things worse. They are "wiggling in quicksand".

Remember, do NOT think of it as a loss. Think of it as putting your trade on "hold". Exit, and wait for price to come back. No reason to let the banks drain your account.
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!



Please do NOT PM me with trading or coding questions, post them in a thread.

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PTG
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Postby PTG » Sun May 17, 2009 1:59 am

TheRumpledOne wrote:Remember, do NOT think of it as a loss. Think of it as putting your trade on "hold". Exit, and wait for price to come back. No reason to let the banks drain your account.


Thanks for that remark ! You just provided me with another piece in the puzzle. Elephant in the room; I totally overlooked that ! :shock: :shock:

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