is martingale "double down" approach reasonable?
|July 28th, 2012, 03:21 PM||#11 (permalink)|
Pismo Beach CA
Futures Experience: Intermediate
Platform: TOS, IB, Fidelity for 'swing' trades
Favorite Futures: ES, NQ, IBB, IWM, NG
Posts: 160 since Apr 2010
Thanks: 80 given, 89 received
A (much) more conservative approach might be doable - scale-in buy (in equal amounts though) -- large indexes only; SPY/ES, QQQ/NQ -- during (after) weakness, at support areas, up to a set and reasonable amount of total capital after more weakness. Wait for the inevitable ramps up, scale-out sell into strength. As usual, the timing is sometimes tough.
This is what comes the closest -- for me -- to working most of the time, in the long run.