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Contrarian Trading Question

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Contrarian Trading Question

When I used to trade as a stockbroker, I would mostly look at investing from a contrarian approach. I like to buy when stocks/options are going down, scaling down and even after the consolidation phase I scaled up. Works well to average cost for a bigger gain long-term. The other day, in my dummy account, when all the currency took a big drop, I bought in and scaled down before the currency broke. I ended up doing well the next day, last 20 trades 20-4, avg win $2.26, avg loss $1.41. Not bad.

I am curious if anyone uses this strategy in everyday trading.

Sat, 01/19/2019 - 1:48pm