Averaging into the position is fine — that part is good. But you’re doing it wrong: you set a small take profit and a big stop loss. You need equal stop loss and take profit to have an edge in expected value over the long run.
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The007ArchiTECHture
· 02-19 15:47
I noticed that your profit and loss statement isn't very well done. If you need help, please contact me!
Guys who are copying my short bot:
Averaging into the position is fine — that part is good.
But you’re doing it wrong: you set a small take profit and a big stop loss.
You need equal stop loss and take profit to have an edge in expected value over the long run.