IVZ

1.61%

6.3¢ invictus energy ltd

topping up - adding more shares to your existing lotaveraging up...

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umw

1,785 Posts.

258

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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Add IVZ (ASX) to my watchlist

(20min delay)
Last 6.3¢		Change 0.001(1.61%)		Mkt cap ! $95.53M

Open	High	Low	Value	Volume
6.1¢	6.5¢	6.1¢	$74.69K	1.193M

Buyers (Bids)

No.	Vol.	Price($)
4	242507	6.1¢

Sellers (Offers)

Price($)	Vol.	No.
6.5¢	15000	1

View Market Depth

No.	Vol.	Price($)
3	225507	0.061
8	775451	0.060
5	321440	0.059
6	421058	0.058
2	333157	0.057

Price($)	Vol.	No.
0.065	15000	1
0.066	122878	3
0.067	44775	1
0.068	100000	3
0.070	31648	2

Last trade - 15.53pm 15/11/2024 (20 minute delay)

IVZ (ASX) Chart

topping up - adding more shares to your existing lotaveraging up...

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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.

topping up - adding more shares to your existing lotaveraging up...

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InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

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