one thing ive realised today is markets are volatile throughout the day on such news event days.
had to fight back from -100+ atleast 3 times,getting out about even with frayed nerves only to see i would have been up a few dozen if i had nerve to hold for just a few minutes more but then again,when i did hold only to see it reverse!
Some like to go in heavy and take smaller stops. Going in smaller at first then avg down (or up) is a strategy I often employ, esp trading a spike. Not always. "Half dozen one, six of the other."
I've been criticized for this but I really don't see the difference. If anyone wants to tell me I'm happen to listen
The problem isnt in averaging down per se but rather in risking too much in a single trade and getting married to a single trading idea for ever ...
Hello
i need to watch that film again-its been ages.
:cheesy: