Replies to post #662 on Rule-Based Trading Systems

[fast_eddie]

If you read the trading literture, most of the wiser traders seem to scale in as it's going up - Bill O'Neil and the like.
If you are sure of the bottom, scale back in. My brain tells me to wait until I've exceeded my entry price, but fear, greed, and all the other emotions enter in and I pay no attention to wisdom.

fe

[mr_cassandra]

Drawdown faq. A friend asked me to define this and I realized it can be defined two ways,

1. drawdown during an uncompleted trade
2. drawdown of account assets after a completed trade(s)

as regards C2 using this describing Merlin, which of the two is it and I'll add some text to the FAQ.