IMO averaging down can make sense on pull backs in a rising market but not in a constantly falling market.
I sold most of my FMS holdings at 23 cents and the balance at 15 cents taking profits. (my average buying price was 13 cents)
Got back in with a smaller parcel at 13 cents and was stopped out at 11 cents.
I am still waiting for a re entry point.
Where would I be today if I had averaged down? I would be sitting on a big loss. As it stands I am sitting on big profits.
First rules of trading: never turn a profit into a loss and use stop lossess.
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Last
78.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.8M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1300 | 80.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
85.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1300 | 0.800 |
2 | 7339 | 0.780 |
1 | 5000 | 0.670 |
1 | 10000 | 0.650 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.850 | 10000 | 1 |
0.860 | 48332 | 3 |
0.870 | 16412 | 2 |
0.890 | 2368 | 1 |
0.900 | 9425 | 1 |
Last trade - 16.12pm 04/10/2024 (20 minute delay) ? |
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