That is complete rubbish. If you bought RDN (for example) at .075 when do you average down?
Most would have done it at .04
So your average is now .058 ish
So then you double down at 0.025 and your average is .042 ish.
You need the stock to jump 70% to break even.
You have failed. not once, but 3 times.
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- Afternoon trading January 31
Afternoon trading January 31, page-124
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