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gotta say I wouldn`t be here now if not to average down?. More...

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nugett

6,068 Posts.

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20/09/24

23:55

Post #: 75773892
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Originally posted by TheReaper: ↑

"Sorry to correct you again but I was up $10K on my initial small purchase."

Right and you held all the way from 35c your entry price all the way down to 5c so how does this make your call any better? Where was your stop losses? Basic risk management?

" Like I told you, the entry is difficult to predict. I own millions more shares now"

So you have been averaging down all the way from 35 cents at much higher prices? And again how does this make your call any better? That initial 10 percent to 15 percent drop was your warning once it reaches a 500 to 600 percent drop easier to just say you made a bad call?

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gotta say I wouldn`t be here now if not to average down?. More like trade myself out of a nightmare.
But that took a lot of dedication, but more importantly taught me how to read charts more so downtrending ones
To this day I still trade them,maybe that is all I know.
dont hold on anymore but cherish the experience

Last edited by nugett: 20/09/24

XJO Value at posting: 8,209.5
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