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Effectiveness and Risks of Pyramidding
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Effectiveness and Risks of Pyramidding

  #11 (permalink)
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telco View Post

@jonc

No offense, but unless you are doing decent size that is probably a losing approach, ESPECIALLY if you are scalping.

If other people think what I'm saying is incorrect please correct me.

No offense taken, I didn't quite explain myself in specific so it does sound like an averaging on losers approach.

Basically I tries to identify possible turning point in price, the problem here is I would not be able to pin point the exact top or bottom but I could have a high chance to be right guessing the high probability range which the turning might occur - key support/resistance. Prices will generally oscillate once they get there - great for scalping.

So once the price goes into the region, I start getting in. I could have as much as 50-60 entries. I would take profit fast on many of these entries.

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