Journey of averaging down from $55 to $34
I started with average cost of $55, now I am at $34.8.
All I did was:
1. Pump another 100% of the original capital to buy dip at $25 ish
2. Pump additional 20% of overall capital to buy at low and sell at high multiple times
1. Pump another 100% of the original capital to buy dip at $25 ish
2. Pump additional 20% of overall capital to buy at low and sell at high multiple times
Of course this involve some risks but l’m remaining invested in this company.
Averaging down is not for everyone, to me it has a big impact if this thing explode when it comes to multiply (If it hit $100 by miracle, a $55 avg cost only get me barely double while a $34 can get me close to thrice the value!).
So do what you are comfortable and confident. Everyone has their own strategy, there is no right or wrong.
Averaging down is not for everyone, to me it has a big impact if this thing explode when it comes to multiply (If it hit $100 by miracle, a $55 avg cost only get me barely double while a $34 can get me close to thrice the value!).
So do what you are comfortable and confident. Everyone has their own strategy, there is no right or wrong.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Quiting the stock market. This platform is an unfair platform that put investor in a great disadvantage.
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OneDirection : I did the same averaging. That’s really good approach at least overall price is lower anytime!
Blue Jets : good strategy! basically same like mine. sometimes I long and short too, on the same ticker
72894951 : Don't just pay attention to the lower average cost and the larger share of chips held, which can result in a double loss if the direction is wrong.
JC88 OP 72894951 : There’s risk in everything we do, which was mentioned above. This is assuming it wont go below $25. The risk here is if it hit $10+ the cost is much riskier and you may end up holding bag with larger capital. But we are all here to play stocks and the biggest risk is not taking any rosk.
Blue Jets 72894951 : yes. agreed. buy / add only when the story changed, like: earning results better than expected, upgrade from analysts, etc
JC88 OP : If anyone do not want to take any risk at all, they should not be here. Just do bank fixed deposit
Guyoukaya : Same. I DCA to 36++ from 62