Damn, my stop was hit.
in again at 16330
in again at 16330
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DislikedWiped out - should have taken the 100 pips . put it down to experience.Ignored
Dislikedguys if I add a position its averaged in and has no stop loss at all since I been shorting this since 166. if I do add a stop loss its behind major resistance like at a daily, weekly level. addins on dragon are at least 150 pips apart, how I trade this beast, for all its worthIgnored
Disliked{quote} I think Pip-Miner is nailing it here without actually explaining it in detail. Reading back since last night (good morning btw!), I see people adding at 162.50 which wasn't a terrible place to do it. Where it seems people went wrong is they added too much. Pyramiding works when you start with a medium-sized position. Say you sold 4 mini lots at 165.00. Then maybe you add 2 minis at 164.00 so you have an average of 164.66 now. Then the next place you add is 163.30 with another 2 mini lots. Now you have 8 minis on with an average of 164.32....Ignored