Hi Funky,
"Averaging down in the market is the No 1 on the list of "Things that will wipe ultimately your account"
Averaging up is a much smarter option"
Depends on the share & situation, with lynas if you averaged up & held every time you would have a terrible average right now because it would be accumulating until the fall then your average would be higher than the sp after the fall & because you wont buy to average down you end up just raising your average every time the sp rises & losing out even worse everytime the sp falls, averaging down is lowering your average towards the current sp until it turns upwards & then your in profit.
Your suggestion does not make sense when used for lyc, maybe for another share?
Has anyone on here averaged up & are now in a better position than an average of 56c?
average down - lyc, can it work?, page-72
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |