Nah Scott ,averaging down is a game for fools and is normally the final nail in one’s portfolio. You're better than that. It’s also a form of denying that you simply made a mistake in the first place. But by sinking more funds into a bad mistake is a disastrous tactic.
Why not consider putting those extra funds into something that’s going up and in a buoyant sector? Make some bank along the way and if this thing ever gets its second wind then you’ll be able to recover some of your comatose funds.
worth a read
https://tacticalinvestor.com/averaging-down-on-stocks-the-good-bad-and-ugly/
Cheers.
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $97.07M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.2¢ | $304.8K | 23.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
57 | 13718532 | 1.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 5374446 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
57 | 13718532 | 0.012 |
32 | 7796618 | 0.011 |
46 | 13223889 | 0.010 |
9 | 2386043 | 0.009 |
7 | 1163749 | 0.008 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 5307746 | 12 |
0.014 | 13222956 | 27 |
0.015 | 10133174 | 37 |
0.016 | 6855205 | 30 |
0.017 | 13624895 | 18 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
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