$Lucid Group (LCID.US)$ Alright, 2nd batch bought at $44.50....
$Lucid Group (LCID.US)$ Alright, 2nd batch bought at $44.50. Next will be $42.50.
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sleepyquby : K thanks for info
BuyLowSellHighTrader : A lot more to room to drop bro
101861963 : When can we see 55 again?
Devilton OP 101861963 : Not so soon, it will be weeks later, no more positive news to push it up so fast but will gradually rise up tomo mid of trading. Don't worry, it's relatively fast compared to other stocks.
ruffvs : Spread your average down cost wider unless you could dollar cost average many times. For any speculative stocks swing is wild. Just my opinion. No offense.
BuyLowSellHighTrader : See, one APPLE autonomous driving news driving all EV stock down ..
Devilton OP ruffvs : I'm starting from small amount and going larger amount with each batch, so my average is still pull down by quite a lot. None taken. Thanks for the suggestion.
ruffvs : Thanks for your reply. I am keen on your strategy about increasing the vol as u average down. Would u be able to share it here? Say a share at $10 u bought 1 share and it goes down. to what extend u stop? I would like to see if I could apply it. Be it shares or maybe forex. Thank u in advance if u could shed some lights on this.
Devilton OP ruffvs : I'll keep it simple, say you intend to use a X amount to buy a share, so you break it to 10%, 20%, 30% and 40% but at what price level will depend on how you analyse the situation. We can never predict how the stock will go unless you are a real expert who can read various technical analyses. If the market falls sharply, then I'll spread the price out more, else a closer price range. That's all, has been working well for me so far with Lucid. I don't care to apply this with other stocks becos they are not as potential as Lucid.
ruffvs : 4 x average down if I didn’t get it wrong. Spread is the key subjective to how u read 1 stock. Thanks for your insight. I learned something today. :)
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