Replies to post #613901 on *SCALPSWINGSTRADDLE* ($$$)

[oldberkeley]

LOL, that's an old argument! :-)

I think most experienced traders know it's a grossly oversimplified statement and in his haste to write something catchy he ignores all the variables that we deal with every day in the real world: the chart, the fundamentals, the person's time frame, the cash available, opportunity cost, etc., on and on.

I don't keep track, and I've certainly been burned many times, but over the years averaging-down has worked well for me.