If its part of your trading plan, including the levels you will be averaging down at, stop loss placement/level you'll exit no matter what etc etc For sure. Though i do think many other strategies would be less risky and alot more consistently profitable.
Otherwise blindly buying in a severe downtrend is hardly a tactic for long term success.
Obviously just my opinion.
Congrates to the buyers @ 12c.
if you expect to make money on the market, page-3
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Last
$5.93 |
Change
-0.020(0.34%) |
Mkt cap ! $5.542B | |||
| Open | High | Low | Value | Volume |
| $6.04 | $6.04 | $5.93 | $23.75M | 3.975M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 128544 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.95 | 12481 | 2 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |