q2

Here’s another question asked during the live training on Sunday.“When do you average in?”My answer?Never…(or at least very rarely)And if you find yourself averaging in on many of your trades there might be a bigger problem with your personal trading strategy.You see, averaging in is something that could only add fuel to the flame when you’re getting burnt by a bad trade. And this is something that happens when you go into a trade without an actual plan in place to mitigate risk while optimizing your chances to profit.We taught planning out your trades during this live training and the key is having a max position size that you won’t cross on trade, especially if you’re losing. Because that’s emotional trading which just leads to more chaos. In certain situations, I might start with a half size position and add more at a lower price, with my stop just below the next area of support but that's different from averaging in while losing.Which is why when you go all into a trade with your max position size and start losing on that trade, you shouldn’t try to “average in”...You need to get out of the trade by acting on the stop that you originally planned for.At least that’s what’s worked for me and helped me prevent loss which led to my consistent profitability at an ~80% win ratio.To your success,Team Theta WarriorPS: If you need direct support in a community that can help you plan your trades so that you can become consistently profitable…Check out Theta Warrior Elite Here to get on track towards losing less and winning more.