pnoy scratch
term for getting out of a speculative trade at breakeven by doubling down at a better price and then liquidating the position at the average of the two prices.
i was long from 18 so i doubled down at 17 and sold it all out at 17.5 for a pnoy scratch.
1 more definition
while trading futures, the act of “doubling down” to average the spread price to escape financial carnage
“was it a scrath? no, i bought 500 more and pnoy scratched the trade.”
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