Will We See A Turnaround Tuesday? - January 24, 2012

[TraderD]

We do not advise any discretionary/secondary entry.
Back-tests have shown that because secondary exits are "late" compared to an original entry, on average, they offer worst returns. If an original entry is exited, we might consider the trade flawed, either because the direction is flawed or the statistics are. Hence, a secondary entry might not be a good idea. So, if a secondary entry is close to the stop of an original entry, the situation is the same: it might be flawed. So better stay out of the secondary entry.
Pascal

Understood. Many thanks for the clarifications.

Trader D