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.
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Cafa I can answer this as I did it, but only with LYC as I...
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Last
$6.28 |
Change
-0.130(2.03%) |
Mkt cap ! $5.879B |
Open | High | Low | Value | Volume |
$6.31 | $6.34 | $6.27 | $5.451M | 866.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 18951 | $6.28 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.29 | 10691 | 40 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 22260 | 6.280 |
22 | 37310 | 6.270 |
12 | 35475 | 6.260 |
17 | 16096 | 6.250 |
8 | 81513 | 6.240 |
Price($) | Vol. | No. |
---|---|---|
6.290 | 6806 | 35 |
6.300 | 23557 | 30 |
6.310 | 28751 | 27 |
6.320 | 16214 | 13 |
6.330 | 27483 | 11 |
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