Hi Raunak,
Went thru all the posts on the index page. Great stuff:thumb:
One thing if you may please expand on. I think you mentioned you would do so some time soon, so whenever you can please...and that is Position Sizing wrt to adds and cuts.
Somehow I can understand cutting losing positions and not averaging down ( sometimes even that seems counter intuitive) but adds at higher prices seems great in theory but seems difficult in practice cos if prices drop that could seriously erode a formerly profitable situation.
Kindly enlighten us on the most elegant way ( or general rule of thumb for adds) I realize this must work as most seniors advocate this , specially Smart trade (ST) in many of his posts mentions the power of adds to be a technique to go from small time to making larger gains.But somehow I am unable to wrap my head around it ( guess im hoping to get that A-ha moment
Well thanks again for all the insights
Went thru all the posts on the index page. Great stuff:thumb:
One thing if you may please expand on. I think you mentioned you would do so some time soon, so whenever you can please...and that is Position Sizing wrt to adds and cuts.
Somehow I can understand cutting losing positions and not averaging down ( sometimes even that seems counter intuitive) but adds at higher prices seems great in theory but seems difficult in practice cos if prices drop that could seriously erode a formerly profitable situation.
Kindly enlighten us on the most elegant way ( or general rule of thumb for adds) I realize this must work as most seniors advocate this , specially Smart trade (ST) in many of his posts mentions the power of adds to be a technique to go from small time to making larger gains.But somehow I am unable to wrap my head around it ( guess im hoping to get that A-ha moment
Well thanks again for all the insights
I know Raunak will answer your question.
May I aske you what you trade : Option, Futures, Shares or maybe even Swaps.
You mentioned ST ( Sorry SM got me on that one and his post:lol:.)
Did you ever try to make a real trade with the information from ST or is your statement build on a paper trade.
If not, could you pleas show your last try in reality ( means real past numbers and strikes you tried to do such a try and we then could discuss, where the mistakes maybe was. You may also could show a chart, where exactly you implemented your trade , so we can take a look at the past and test your idea )
Thanks for your cooperation
DanPickUp
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