Anything will work if you know the future. Unfortunately my crystal ball from ebay is a dud!
I cant be bothered to do the math properly but a counter argument woud be to use stop losses.
How many shares would you have if using your numbers,
Bought at $1 stopped out at 97 cents.
Then bought a 80 cents stopped out at 77 cents and so on adding the extra amount and the amount your stop loss saved you. I imaginge it would cost you a whole heap less to have the same amount at the end of the day??
average down - lyc, can it work?, page-9
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Last
$6.36 |
Change
-0.040(0.63%) |
Mkt cap ! $5.977B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.47 | $6.36 | $6.804M | 1.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 12499 | $6.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.37 | 22490 | 26 |
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| Last trade - 11.44am 15/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |