What is Pnoy Scratch?
1.
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.
2.
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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