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.

by pnoy008 February 18, 2005

PNOY Scratch

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