That isn't averaging down though.
To use your example:
You buy 1 share today at $1
Tomorrow you buy another share at $1
You sell your 1 share for $1.01
Your average purchase price per share is now $1 as it has been from the start.....
You might have been able to increase your holding by trading but you will not be able to average down below the lowest point in a given period.
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Last
$3.06 |
Change
0.040(1.32%) |
Mkt cap ! $9.210B | |||
| Open | High | Low | Value | Volume |
| $3.04 | $3.12 | $3.02 | $47.88M | 15.58M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 321604 | $3.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 269930 | 12 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |