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.
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Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $9.025M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $42.76K | 4.276M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 2325450 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 56532 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 2325350 | 0.009 |
8 | 1801877 | 0.008 |
2 | 628571 | 0.007 |
1 | 250000 | 0.006 |
2 | 900000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 56532 | 1 |
0.011 | 913666 | 2 |
0.012 | 1846512 | 5 |
0.013 | 2238229 | 3 |
0.014 | 914285 | 2 |
Last trade - 15.59pm 30/08/2024 (20 minute delay) ? |
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