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!
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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