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Re: tommyjay post# 87632

Thursday, 10/20/2011 12:12:14 PM

Thursday, October 20, 2011 12:12:14 PM

Post# of 108210
STHG try this Tommy- never buy a position all at once, stage your buys (and sells for that matter)- i usually do one third at a time. If you bought your first lot at six, double it now. Say you need to buy 1m to double position, if you arent comfortable hitting the ask for all of that, put 500k on bid at 3 and hit ask 500k @4. You will see some traders say "never average down on a position", -put them on ignore. You cant stage your buys and never average down! Never buy a position that you feel you cant add to down the road, and never-ever leave yourself with no dry powder. Hope this helps Lotto

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