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Re: Fast learner post# 98029

Monday, 03/16/2009 11:43:31 PM

Monday, March 16, 2009 11:43:31 PM

Post# of 192592
Averaging down is truly a great idea, however it can be the demise of many new traders. Before you go and put more into a trade, watch this one...calculate on paper what your exit and entry points would have been and skip the part where you daydream. If this is new to you then you are "in the hype" or the "tunnel". This will lead to the a bad scenario because as with all trades this can go bad in a HEARTBEAT!!!! Truley keep a vigil on this and do NOT average down on your first or soon after trades...just a thought...I have been known to trade drunk though, and ask my ex-wife how that turned out...;)

Everything I say is my own opinion cause I drank beer!!!
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