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on the ledge
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Tradewinds, thanks for the feedback. So far I have been very disciplined about not averaging down. ( My employer would axe me if I wasn't) What I was referring to (this may not be the correct terminology) was layering into a position. ie: I am going to trade stock xyz and the indicators have shown support at $13.50, rather than placing a 300 share order at 13.50 and risk not getting picked up I would layer my order in for 100 shares at 13.52, .51, and .50 with a .03 stop loss keyed up, ready to punch out of the trade if the stock tanks. Again, I have only been trading for a month and may not be using the correct terminology in this case but would appreciate any more feedback you may have.
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Hello, as a new trader (just recently started trading 300 share lots) I was hoping to get some feedback from the pros as to what you look for when layering into positions.
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on the ledge replied to trading4life's topic in Beginners Forum
Hello, I am a new trader (one month) with a prop firm and wanted to join a forum group to learn as much about the trade as possible and make new friends in the community.