Cafa I can answer this as I did it, but only with LYC as I believe in the product & my investment is a long term investment.
I did start with $10,000 & the reason was because I start all my trading with $10,000, but as I got to know lyc & rare earths more I invested more & became an LT investor of lynas, not a trader.
Just like your example, each buy in I bought more, but not just to average down, it was also because as time went by I learned more about lynas & rare earth.
A big buy was 48c/49c & was much more than the figures you talked of (try much more than double your figures), infact I even used Westpac money the Friday before the Malaysian election, selling enough shares 3 days later to cover what I had used of Westpacs money (this helped hugely in bringing down my average).
Now some are calling this a gamble, I was convinced BN would win so no gamble IMO (I've spent a lot of time in Malaysia & know it well including the politics)
I do not advice averaging down unless you are 100% sure in the fundamentals of the company & can afford to lose the money.
- Forums
- ASX - By Stock
- LYC
- average down - lyc, can it work?
average down - lyc, can it work?, page-27
-
-
- There are more pages in this discussion • 110 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LYC (ASX) to my watchlist
|
|||||
Last
$6.35 |
Change
-0.050(0.78%) |
Mkt cap ! $5.935B |
Open | High | Low | Value | Volume |
$6.46 | $6.47 | $6.34 | $19.83M | 3.109M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 11865 | $6.35 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.36 | 3637 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 395 | 6.660 |
1 | 13 | 6.490 |
2 | 514 | 6.460 |
1 | 120 | 6.360 |
1 | 45 | 6.350 |
Price($) | Vol. | No. |
---|---|---|
6.130 | 63 | 2 |
6.150 | 1000 | 1 |
6.190 | 1635 | 1 |
6.250 | 2319 | 3 |
6.310 | 2250 | 1 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
Featured News
LYC (ASX) Chart |
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online