RE: Daily Update20 Jul 2022 17:06
Calderkate on one! Starting to feel all that ramping and averaging down getting to her?
Tips:
Averaging down is only effective if the stock eventually rebounds because it has the effect of magnifying gains; if the stock continues to decline, averaging down has the effect of magnifying losses (Oh dear)
Averaging down is best restricted to blue-chip stocks that satisfy stringent selection criteria, such as a long-term track record, minimal debt, and solid cash flows (NOT ODX).