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Episode 68 | Gary Langley - 3 days-a-week trader

A TRADER'S LIFE

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How to Capitalize on the Market's Direction Against You

I don't do the Martin Dell system. I think that is commercial suicide. So you've got to kind of build your way into it. And I'm almost expecting the market to go against me straight away or certainly before it comes into target. So why can't I capitalize on that? But I do pound averaging or dollar averaging depending on where you are, where I'll have a maximum position. My first position will be a pound. Then as it moves against me, I'll put another pound in and another pound in until I build up to five quid. And then that's it.

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