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Strategies & Market Trends : LastShadow's Position Trading

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To: Jay Lyons who wrote (5691)1/8/1999 8:13:00 AM
From: LastShadow  Read Replies (1) of 43080
 
Averaging Up

Both Trader Vic (Sperando) and Jake Bernstein in their books recommend averaging up.

As for the psychological aspect, yes, I have averaged down, and never once was it a good idea.

lastshadow
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