DislikedIt is interesting that nobody mentioned that "averaging down" is nothing more than money management.
A succesfull trader knows very well that money management is only a way of protecting the capital and correctly applied smoothes the profit curve but by itself can't increase the edge. MM will never turn a losing system into a profitable one and this assertion can be mathematically proved.
Therefore, if someone's approach is sound, he's going to profit in both cases, with a fixed amount invested or averaging down.
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regards
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