RE: Average Down?????????????????/14 Jan 2022 21:20
Jungle,
This is a very one sided narrative. Lots and lots of detail is simply glossed over for a headline and click bait chasing article.
I've cut losses before and averaged down before many times, both with mixed results. Its way too complex to distil into the simple solution suggested by the article you have so much faith in. I was buying BP at 190p and shell at 900p when as per your logic I should have 'cut my losses'. I don't think so and thank goodness I've got a brain and can decide for myself. It's way more complex than you seem to think. If you are an investor and think BOO is likely to go bankrupt, selling may be right, if not average down. If you are a trader, sell and try buying lower if you are any good at trading. Risky business is trading. Anyway, each to their own. Let's not get preachy. Atb