RE: Finish negative?10 Jul 2020 17:15
Can only talk from experience over the last month or so. I'm also by no means an expert or massively experienced... Make your own mind(s) up.
As I said earlier, arrived late to the part here on the last rise and got bitten for an average of ~ 1.6. As the SP dropped over the next few weeks averaged down to ~ 0.8 with an increased holding. Still, when the prices were rock bottom around 0.45 the initial holding (before average down) was over 80% down. It sucked. A lot. However, averaging down helped a lot - increased the exposure sure but certainly helped.
Topped up a little today at just below 0.8 and again as the price increased around 1.1 - so my current average is ~ 0.88 or so. Now sat back in a loss after being a good chunk up earlier today. It sucks (yet again).
HOWEVER a loss is only a loss if you sell up - until that point you have a chance.
The fundamentals of this company haven't changed - Monday is another day - the price might go up - or it might go down, that's the risk you take. Long term, there's every chance the price will go back up again - if it keeps going down, try and keep drip feeding in to reduce your average where you can and be ready for the upside. It maybe a few months down the line - but this time you'll be a lot wiser - maybe a bit less greedy and certainly be better placed to make the most of the situation!