aliassmith wrote:Mira wrote:Jhx wrote:What's your criteria for taking multiple entries?
I’m just splitting the entry into multiple positions as price retrace back (as Alias suggested me) and the pattern is still valid..
In this case the first entry was a TTE and the second a #2 break of a 1-2-3 that slowly died into low liquidity
Does it help splitting it up?
I like it because I don't have to obsess about being exactly right on my entry. It's not an all or nothing situation.
Yes it does, thank you.
I admit that I still need to work on it to find a good way to do the job, however I like the idea that even if the trade is poor I can minimise risk (or even get a profit) thanks to the cost averaging.