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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.