G'day
Although I have averaged down on 2 stocks, one a short term trade and got away with it, the other a bottom drawer stock, using a long snorkel now. I think its a bad idea, many times I have seen stocks with big potential and anticipated great announcements whilst the price goes down. Most times the market knows best.
A carefull entry on support with a stop loss just under seems best. Then look for re-entry if you still like it.
I've noticed though that there are as many strategies as there are participants in this game, if it works in your particular strategy then ok. Me I like to think I'm a stop loss kinda guy, well, mostly.
cheers
Rod
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