Be the first to like this.
3 comment(s). Last comment by DividendGuy67 1 month ago
Posted by Jnlee > 1 month ago | Report Abuse
dividendguy67,can u explained why u invest in this stock?
Posted by DividendGuy67 > 1 month ago | Report Abuse
Jnlee, I already fully explained in this article and the link to past posts. Read them carefully.
No result.
1
https://dividendguy67.blogspot.com
2
save malaysia!
3
save malaysia!
4
save malaysia!
5
6
7
Good Articles to Share
Bill Gates on Elon Musk: I Hope He'll Talk More About Climate
8
Good Articles to Share
LGBTQ+ supporters march through far-right German town | REUTERS
#
Stock
Score
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
DividendGuy67
1,011 posts
Posted by DividendGuy67 > 1 month ago | Report Abuse
Today, RAPID has broken out above the 94 sen horizontal resistance, to close at RM1. Very nice. My paper loss has shrunk tremendously. At one point, the paper loss was huge, nearly 60% paper loss (1.63 average vs 65.5 sen bottom). After a patient 2nd average down to bring down my average cost to 1.06, at 1, the paper loss has shrunk to only 6%!
I didn't use a huge amount of capital for this 2nd average down, but wait patiently for the chart to show a 2nd high probability setup. This 2nd trade is strictly not an averaging down, but a 2nd trade on its own. It happens to be on the same stock. This is typical - a stock, over its wave down, will sometimes gives us more than 1 high probability setup.
The technically correct way to average down is to take each trade on its own merit. Then, it becomes more efficient to lower the Average Cost price, without consuming a lot of capital.