Transcript excerpt from a YouTube video by Kosta Ouzas describing a defensive trading approach in bearish conditions: holding a defensive position down to 'power law support', averaging down during declines, and taking profit on the first corrective upswing. The speaker emphasizes repeated cycles of defend → average down → take profit.
It's effectively a defensive position that will defend all the way down to the power law support. Exactly. Basically. And what happens nine times out of 10 is, you know, we go down a few, we defend and then we take profit. You know, sometimes we have to defend, sometimes we don't have to defend at all, which is like, and you see here, here is an example of that where, you know, we average down, we average down and then the first time there is a correction up and then we make profit and we repeat, repeat, repeat.
