Amusement WorldOP : Averaging down
bullrider_21 Amusement WorldOP: Averaging down is not a good strategy for stocks that keep dropping
Amusement WorldOP bullrider_21: You're right. I'm going in by small batches, but that is enough to kill me if it goes all the way down lol...
bullrider_21 Amusement WorldOP: that's almost the same as averaging down except quantity is smaller
Amusement WorldOP bullrider_21: That small little technique make a huge impact
Amusement WorldOP bullrider_21: See how it works now? All bought between 2.73-2.76 yesterday was sold at 2.88
bullrider_21 Amusement WorldOP: You are lucky there is a rebound
Amusement WorldOP bullrider_21: That's why I always go in by small batches after huge drop. If the fundamental is good, it will eventually come back. Must have the faith and patience. Anyway, I just relieve 30%, still have 70% stuck at average $3.1+
Amusement WorldOP bullrider_21: Now you know the power of averaging down
Amusement WorldOP : Averaging down
bullrider_21 Amusement WorldOP: Averaging down is not a good strategy for stocks that keep dropping
Amusement WorldOP bullrider_21: You're right. I'm going in by small batches, but that is enough to kill me if it goes all the way down lol...
bullrider_21 Amusement WorldOP: that's almost the same as averaging down except quantity is smaller
Amusement WorldOP bullrider_21: That small little technique make a huge impact
Amusement WorldOP bullrider_21: See how it works now? All bought between 2.73-2.76 yesterday was sold at 2.88
bullrider_21 Amusement WorldOP: You are lucky there is a rebound
Amusement WorldOP bullrider_21: That's why I always go in by small batches after huge drop. If the fundamental is good, it will eventually come back. Must have the faith and patience. Anyway, I just relieve 30%, still have 70% stuck at average $3.1+
Amusement WorldOP bullrider_21: Now you know the power of averaging down