BNB: Averaging Down.- Looked cheap at $18 (fell from $30) so...

BNB: Averaging Down.

- Looked cheap at $18 (fell from $30) so took a position.
- Looked even cheaper at $11 and thought would bounce in 6 months time so I doubled up.
- Looked even cheaper at $7 and thought the rest of you were fools and that BNB would be back to $11 quick smart so doubled up again.

- It became clear that they were in trouble at < $2 and they went to about 30 cents i remember. They bounced back to $1.50 or so on some rumour and i thought about selling out to get anything back i could. I also thought it were possible it would hit $2+ so i held with the sinking ship.

Loss: $10k+

LESSON: NEVER AVERAGE DOWN

+ You should not buy into a share that is trending down because it obviously is for a good reason.