If its part of your trading plan, including the levels you will be averaging down at, stop loss placement/level you'll exit no matter what etc etc For sure. Though i do think many other strategies would be less risky and alot more consistently profitable.
Otherwise blindly buying in a severe downtrend is hardly a tactic for long term success.
Obviously just my opinion.
Congrates to the buyers @ 12c.
if you expect to make money on the market, page-3
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Last
$6.11 |
Change
-0.180(2.86%) |
Mkt cap ! $5.711B | |||
| Open | High | Low | Value | Volume |
| $6.12 | $6.15 | $6.07 | $17.65M | 2.889M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 26354 | $6.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.15 | 3758 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |