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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (187)	6/7/1999 10:28:00 AM
From: Eric P	Respond to of 18137

I think starting with half of a total position and averaging up after the stock moves in your favor does make a lot of sense for longer term day trades (1-6 hours) or multi-day trades. It assures you that you won't have a full position in any trade that is an immediate loser. For very short term trades, though, you might normally be looking to exit your position once it has gone in your favor, not purchase more. Again, it all depends on your time frame, IMO. -Eric