Everyone has their own trading techniques, Autosime.
I am now in a losing position with PRU having purchased at $00.285.
What am I going to do?
Very simple, average down on 10 cent increments, buying the exact same share number amounts as my original purchase.
So I do nothing until PRU hits $00.185, and then nothing again until PRU hits $00.085.
That is my plan so I don't really have to worry about it.
Naturally if PRU goes broke, I will be cactus, big time, but I don't think it will happen.
They will put the plant on care and maintenance, and there will still be SP value due to reserves and plant, if the Gold price really goes belly up.
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