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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: F Robert Simms who wrote (7649)11/2/1998 12:30:00 PM
From: Patrick Slevin  Read Replies (1) of 44573
 
Definitely, if you ever start trading futures at least, do not double down.

Some strategies use it but it really only appears (to me) to work in sideways markets or in more cyclical commodities. The strategy I'm thinking about has a name but I don't recall it; it works something like;

Buy one at 20; if it goes to 17 buy a second, if it goes to 14 buy a third...et cetera.

If it goes from 14 too 17 sell one, 17 to 20 sell one, ....

and so on. It's really not for this kind of market, I do not think.
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