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$3.24 bradken limited

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tombo

1,117 Posts.

18

14/12/15

19:41

Post #: 16611934
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Originally posted by chiggles ↑

Thanks. I've been investing (and day trading) for 15 years. I learned many of hard lessons along the way, particularly in my first few years investing.

I'm not trying to pick a bottom though. I saw value in BKN at $1 and took a small partial core position. I added small at $0.70ish and had/have every intention of adding more, either higher or lower.

I constantly add to my positions, I trade around my positions and I scale out/partial sell out of positions, higher or lower.

Bottom line though is that there is a BIG difference between averaging down while using margin and tying up all your capital, and averaging into a position which is relatively small (2% of your total capital).

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Fair call good luck

BKN Price at posting: 44.5¢ Sentiment: Hold Disclosure: Held
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