Anything will work if you know the future. Unfortunately my crystal ball from ebay is a dud!
I cant be bothered to do the math properly but a counter argument woud be to use stop losses.
How many shares would you have if using your numbers,
Bought at $1 stopped out at 97 cents.
Then bought a 80 cents stopped out at 77 cents and so on adding the extra amount and the amount your stop loss saved you. I imaginge it would cost you a whole heap less to have the same amount at the end of the day??
average down - lyc, can it work?, page-9
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Last
$7.10 |
Change
0.055(0.78%) |
Mkt cap ! $6.701B | |||
| Open | High | Low | Value | Volume |
| $7.12 | $7.27 | $7.04 | $20.13M | 2.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 15785 | $7.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.10 | 7488 | 15 |
View Market Depth
| Last trade - 15.18pm 10/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |