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That is complete rubbish. If you bought RDN (for example) at...

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Tony barber

6,277 Posts.

670

31/01/24

16:29

Post #: 72165262
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Originally posted by PL24682468z ↑

if i had 6 figure plus portfolios i would average down every stock that is under and get out of all them breaking even with no loss
that's what an endless amount of capital can do, i don't think about how much i can write off in my tax when trading.
taking losses all the time reduces capital quickly and it becomes pointless trading in a market that continuously is being scalped.
Some say this has become a bull market now and penny stocks will flourish this year, i hope so

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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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