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.
by pnoy008 February 18, 2005
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."
by Chris Chacon February 18, 2005