RE: Omega Staff - LFT Costs4 Mar 2021 18:53
prionace....Traderbuckie is still talking about averaging down but being in profit. I don't know how that works but maybe he can tell us all.
This is my third attempt at explaining this to an obvious ****** who claims to be a Grand Master AIM trader.........
Now pop your meds in and stop rocking in your chair and wipe the drool from your chin and read the following slowly and with all your powers of concentration. Sorry I could not post pictures and diagrams for you to help. If you get stuck ask your carer to help explain.....
I started to buy ODX at around £1.00 last Oct. the price began to slide but I kept loading up in order to bring my average price down.....this is called averaging down - FACT.
Now I stopped averaging down at the high 40's. My overall average price for all my shares is around 60p.
Now that is averaging down. I would have loved to have called it perfectly like you obviously do and buy my whole holding at high 40's but I am not a top trader like you. So if the price gets below 60p I am underwater (and was for quite some time) If the price hits 60p I am at break even. It is currently around 90p so I am heavily in profit.
I had faith in ODX and hence why I piled in....I had no concerns about this SP going back up. I took the pain and now I am in a much better position. I ain't selling yet as 90p is still cheap imo.
Now please refrain from giving any tips, advice, steers, pointers, recommendations as you are quite clearly an idiot if you cannot understand that explanation.