IVZ

0.00%

6.8¢ invictus energy ltd

Ann: Mukuyu-2 sidetrack Total Depth reached in Lower Angwa, page-490

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umw

1,732 Posts.

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12/12/23

22:16

Post #: 71414325

Originally posted by Berry21: ↑
Why you should average up, NEVER down
Discussion in 'Risk Management' started bygarfangle,Jul 9, 2010.

A reason why traders blow up is because they average down their trades, when they should instead average up.

It is tempting to accumulate more stock when the price falls, but this strategy is wrong because human psychology cannot handle the pain of severe drawdowns.

https://www.elitetrader.com/et/threads/why-you-should-average-up-never-down.202939/and another source...same theory>>
Short Term Trading Concepts

Discipline once trading

Average UP not DOWN

Only add to trades WHEN the mkt suggests you are right - price is moving your way, on volume

Averaging down becomes 'emotional' and leads to 'stubbornness'. 'Stuff it, I'm right and holding !'

9 The 'mental drain' from holding an increasingly LARGE LOSING position is destructive and prevents

you from initiating new alternative likely winning trades - you lose on this one BUT WORSE

you miss other trades that WOULD HAVE been profitable - except you were focussed on the 'loser'.

Wait until a trade starts performing, THEN add to it with confidence.

Averaging down SOMETIMES leads to profit BUT OFTEN Leads to ruin. Trade rationally, not emotionally !

LISTEN' TO THE MARKET'. - price and volume are the ONLY things that matter in short term.

Expand
topping up - adding more shares to your existing lot
averaging up - adding more shares to your existing lot at a higher price
averaging down - adding more shares to your existing lot at a lower price
free carrying - unnecessary selling of a lot of shares you thing is a good thing so you cannot lose

IVZ Price at posting: 20.5¢ Sentiment: None Disclosure: Held

5 Upvote

1 Great analysis

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There are more pages in this discussion • 80 more messages in this thread...

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Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.8¢		Change 0.000(0.00%)		Mkt cap ! $96.41M

Open	High	Low	Value	Volume
6.8¢	6.9¢	6.7¢	$30.54K	447.0K

Buyers (Bids)

No.	Vol.	Price($)
1	73456	6.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.9¢	25286	1

View Market Depth

No.	Vol.	Price($)
1	73456	0.068
7	87132	0.067
7	243675	0.066
5	908720	0.065
2	124202	0.064

Price($)	Vol.	No.
0.069	25286	1
0.070	372039	4
0.071	8063	1
0.072	180000	2
0.073	425000	3

Last trade - 10.24am 11/07/2024 (20 minute delay)

IVZ (ASX) Chart

Ann: Mukuyu-2 sidetrack Total Depth reached in Lower Angwa, page-490

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Termite mounds lead the way to 45ppm uranium for Haranga

Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm

Ora Banda sees FY26 gold output jumping to 150Koz/pa following key approval for Sand King

ASX Market Open: Australian futures to rise on strong US performances

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Short Term Trading Concepts

Discipline once trading


Average UP not DOWN

	Only add to trades WHEN the mkt suggests you are right - price is moving your way, on volume
	Averaging down becomes 'emotional' and leads to 'stubbornness'. 'Stuff it, I'm right and holding !'
9	The 'mental drain' from holding an increasingly LARGE LOSING position is destructive and prevents
	you from initiating new alternative likely winning trades - you lose on this one BUT WORSE
	you miss other trades that WOULD HAVE been profitable - except you were focussed on the 'loser'.
	Wait until a trade starts performing, THEN add to it with confidence.
	Averaging down SOMETIMES leads to profit BUT OFTEN Leads to ruin. Trade rationally, not emotionally !
	LISTEN' TO THE MARKET'. - price and volume are the ONLY things that matter in short term.

Ann: Mukuyu-2 sidetrack Total Depth reached in Lower Angwa, page-490

Top Stories

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

Termite mounds lead the way to 45ppm uranium for Haranga

Queensland's housing crisis an opportunity for ASX builder Fleetwood – and taxpayer cash a safe harbour from the storm

Ora Banda sees FY26 gold output jumping to 150Koz/pa following key approval for Sand King

ASX Market Open: Australian futures to rise on strong US performances

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News