Funky, I guess the first rule of not averaging down is to set a stop in line with your risk profile, earlier profits, whatever, and then have the discipline to exercise it. Period.
Temptation to "average down" removed, and the mind is more clearly focused on a trend change/low risk entry, or in the case of a drawn out situation such as Lynas, use your money far more productively elsewhere.
A lesson I am not going to forget, irrespective of where this ends up.
share of the decade, page-69
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Last
$7.04 |
Change
-0.110(1.54%) |
Mkt cap ! $6.580B | |||
| Open | High | Low | Value | Volume |
| $7.14 | $7.14 | $6.93 | $27.05M | 3.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 153694 | $7.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.04 | 51746 | 5 |
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| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |