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just bought more cent and now got a break even of 1.91
The problem is that Nov 13 is bang on the new Brexit deal deadline, which is looking very likely to be no deal.
The words No deal Brexit is also constantly associated with words like catastrophe, which makes me think a huge drop could be on the cards when no deal is finally announced. Possibly up to 50% across the board.
My break is now 166.88. In for a penny in for a pound!
Not much choice now but to bring my B/E as close as I can manage to the current price. Don't shoot me down with all the "never average down bo11ocks", I trade the way I want!
I thoroughly believe this share is going to continue falling for a while and I for one will continue buying because I believe that it will have a huge rally and it will come quick and surprise me and I will kick myself, as I always do, for losing my bottle and not buying at these stupidly low levels.
If I can try and keep my break even within 10p of the share price, I'll be ok at the next bounce.
Staying within 10p however takes huge planning, some luck and f**king big balls!
My break even is now 189.23
Gonna get the card ready soon cos I think the bottom has to be near and I'm gonna buy to bring my break even lower. This has happened so many times before, where I don't buy at low levels cos of nerves, then regret it when the bugger goes back up!