Hedging/averaging trades without prediction

Quoting Fiox89

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Uploading this here for future reference, and as a reminder of what can happen if your position goes into DD and you're not prepared or your account doesn't allow these movements. Gap filled 6 days later, huge DD. Would you guys care to share what this DD meant to you in financial terms and how did you handle it? Even as a percentage of your account. It would be very informative. Cheers {image}

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Quoting voeltoez

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Im feeling stupid today, go averaging!! {image}

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Quoting Waveskierrob

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{quote} My DD on this trade FTSE DIVI was less than 5% on my usual day to day trading is much less, the reason for such a bigger DD is that I have personally experienced for over a year now I am a bit more gutsy with this trade, my advice is try it for yourself (demo) rather than take my word for it, I could be lying and everyone has a different threshold to bear, so try yourself, when Terry (T721) told us about this little gem we all didn't just take his word for it, we tried watched and tested it for ourselves before committing larger stakes...so...

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Quoting Fiox89

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Uploading this here for future reference, and as a reminder of what can happen if your position goes into DD and you're not prepared or your account doesn't allow these movements. Gap filled 6 days later, huge DD. Would you guys care to share what this DD meant to you in financial terms and how did you handle it? Even as a percentage of your account. It would be very informative. Cheers {image}

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Quoting T721

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{quote} Personally with all the add positions i had i was minus £1760 roughly, mighta been a tad more...... and i did manage to get 3 positions near the lows. These 3 were my scalp positions that i kept banking then adding more all the way to target... It takes BIGBALLS but once you get the hang of it its pisseasy

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Quoting OutThere

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{quote} Glad to see you approve of the Martingale method.

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Quoting T721

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{quote} I dont like martingale tbh... but the divi is easy to trade once you practice enough.... just demo it if youre not too familiar to it

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Quoting voeltoez

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My simple play when too lazy for analysis 1st tp 20pips no matter what side, close the profit start averaging the red, {image}

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Quoting OutThere

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{quote} Glad to see you approve of the Martingale method.

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Quoting Waveskierrob

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{quote} Martingale is doubling up, what we do is average out, if our stake is £10 we would divide that stake into £1 give us an average price over time/price...even though I have watched and traded this FTSE DIVI gem for over a year and has always filled the gap within a week mostly a couple of days, but still has no guarantee that this will continue in the future so always give your self plenty of room for DD...

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Quoting Waveskierrob

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{quote} Martingale is doubling up, what we do is average out, if our stake is £10 we would divide that stake into £1 give us an average price over time/price...even though I have watched and traded this FTSE DIVI gem for over a year and has always filled the gap within a week mostly a couple of days, but still has no guarantee that this will continue in the future so always give your self plenty of room for DD...

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Quoting voeltoez

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{quote} Martingale is scarier than averaging, for me better averaging step by step than increasing lot size

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Quoting OutThere

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{quote} {quote} Martingale definition is adding to a losing trade. It doesn't matter how you choose to frame that action. But don't worry, I'm not arguing against it.

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Quoting Waveskierrob

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{quote} but when you are averaging out you may also be adding to a winning trade, but as you said lets not argue, you have your opinion and I have mine, not saying one is right and the other wrong, folks look at things in different ways, that's what make the markets...

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Quoting voeltoez

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My simple play when too lazy for analysis 1st tp 20pips no matter what side, close the profit start averaging the red, {image}

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Quoting zola

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An even bigger DIVI this week (30.42). Looks like another one that will go over the weekend+ Good Luck.

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Quoting Waveskierrob

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{quote} yep, hopefully a couple of hours ...

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Quoting Waveskierrob

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{quote} ...and they are off

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