SPDR S&P 500 (SPY)

[USDollar]

No, no confusion, I did notice the "I consider", but because in real time/life it's a really fine to no line between "I consider" and "I buy".
It just has to be buying attempts even if not 8-10, and you agreed to my suspicion, so then the idea stands even if not fully.

Now buying 1 or 2 is not that great either as they beside losing fine on their own and adding to the cost of the final winner, they do psychological damage and confidence erosion.

Then when to finally buy the large 10?
If the point of buying the large 10 is clear then why the 1-2 waste buys in between before that? It looks to me to be a real close cousin of over-trading.

I think that with a working system and strategy there is no need for those 1-2s, but only to wait for the real thing, the 10, assuming that "10" is the allocated lot as per strategy and money management.
Then just safeguard this 10 position with a small (sub)system (i.e. stop or 5min), and take the loss (or win) on the real intended lot.

After all, from what I see with my own charts is that opportunities are not really that many, so risk of over-trading (for me) is when going into smaller and smaller time frames and getting carried away.

Thanks, Always a pleasure