$Ideanomics (IDEX.US)$ So im such a noob when it comes to th...
$Ideanomics(IDEX.US$ So im such a noob when it comes to this, need a lil help. if i got this stock at .2 cents and keep buying at .4 and my average rose from .2 to .4 now its at .8 does it means that if i buy a shit load of them will increase my average insead of decrasing it?
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l苦咖啡 : Yes, it will increase the average
Dons hobby : Yes it will
_God_ : If you Buy even more, it will decrease more.
_God_ : HOW is it even possible your avg will rise to 0.8 when the highest you bought was 0.4?? Are u fine?
Mr Insane ReturnsOP _God_: So previously I bought at 423 then I bought some at 8somthin then my ave went up to fucking .6
73209536 : Yes, the more you buy, the more it will rise.
_God_ Mr Insane ReturnsOP: Yeah then this is possible.
Mr Insane ReturnsOP 73209536: So I was just asking same shit happens when you buy high and it drops then you keep buying then your ave goes down same shit the other way around you buy low then you are at a certain ave but so it goes up then you buy some more then your ave rises as well?
lets hide in forest : [(Qty A x price A) + (qty B x price B)] / (qty A + qty B)
This will be you average price, its a very simple maths bro
73209536 Mr Insane ReturnsOP: But it's not just you.There are many investors and funds in the stock market. It all depends on whether you can become a successful investor who buys low and sells high.
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