"I speak from painful experience, my biggest Stockmarket screw ups, was when I tossed aside my initial uneasiness and compounded things by sticking around and buying more."
Averaging down can be a bitch, I did that with PGI a goldie am down big time it is now at all time lows, did it with this TGS to, as have an average price in this at $0.13 but used the last 25% I bought at $0.04.3 on Friday just for trading and sold around $0.052 , as I expected to see resignations by company management on Monday after the crash but they did not eventuate.
I wonder how many other long termers have done what I did .
Agreed lots of psychology one has to do with one self when trading hard to admit mistakes when trading , I made one here well I had to it is only 40% of my average buy in price !
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