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What did you do when you bought high?
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Average it to balance out

If you have confident on the company and you already bought it at high,believing it will go higher but end up it goes south,the only alternative is to buy more to average out so to bring down the losses,and hopefully over time it will go higher or minimize the losses.
Selling call is another alternative
it is all about zeronsum game and the game of stock is always about timing,trend,taking action,transferring risk.
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