Buying shares for over 10 years on the ASX, 15 years in international markets. But I've had a keen interest in stocks/finance/economics/charting for over 20 years now, all self-taught.
Averaging down is highly risky, no doubt, I would only do it if I was fairly certain this was about to launch or at least be able to stand on its own two feet with minimal dilution in the future.
I'm a property investor, so most of my wealth is tied up in property & some of them are mortgage free, so I can afford to lose money in the speccy end of the ASX. Everyone has a different risk profile, so the speccy market isn't for everyone. Some people can sink $1K into a stock, then lose $100 & they can't sleep. Meanwhile, other people can sink $20K into a stock, lose the lot in one trading session & then look for another stock when the market opens again. It all comes down to your risk profile & how much capital you have to blow.
Never heard "Don't throw good money for bad"?
I know that saying very well, hence why, I never invest more than what I can afford to lose.
I've had a few wins plus some losses in the past & I've been a bagholder.
W2V Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
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