Wednesday, 29 July 2015
Newbies Do Not Earn The Right To Average Down. Never!!!
Real Retail. Real Story
He told me he lost 40% of his capital.
20% confirmed gone as the counter has been suspended recently!
Another 20% paper losses.
His mistake ....
He kept averaging down this counter to 20% of his capital and now gone case. Another counter he also average down three times till large paper losses.
The moral of the story for all newbies - Have you earned your right to average down?
Never average down. Only for the learned ones or big fat purse!
Wa ka Li Kong!
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When we don't know what's ahead of us - a cliff edge or a light at the tunnel end, better wait till we see something then do something. :P
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