diary of a short-term trading kook, page-32

May I add an epic failure to the mix using averaging down = expensive lesson

Here is an example of not what to do

Bought 250 MQG @ 82.00 ... 11/12/07

Bought 250 MQG @ 81.14 ... 12/12/07

Bought 250 MQG @ 79.28 ... 14/12/07

Bought 250 MQG @ 77.15 ... 17/12/07

Sold 250 MQG @ 75.00 ... 21/12/07

Sold 750 MQG @ 65.75 ... 29/1/08

Finally the penny dropped and got out
This stock was in a massive downtrend and went all the way down to 15 bucks ouch!!!

Sure with hindsight it became evident the Macquarie model was broken but who is to say other blue chips won`t follow suit