Enron wasn't hype before it collapsed. I could give you several other examples of stocks that averaging down would leave you in the poor house. The problem I see with averaging down is tying up capital for long periods of time while you wait for a turn around. Speaking of which, have you added to your GME position?
Well part of the strategy is to start buying near the bottom. But as I posted with SPY even if you bought at the top, averaging down would have yielded excellent results over the one year downtown. I'm maxed out on GME. Since brokers use FIFO I don't know why they don't keep every position as separate instead of a weighted avg...or give us the option to display positions as separate. You're not really averaging down at all. You're just buyung shares at different price levels.
Of COURSE you are averaging down, you dumb cracker. Holy shit are you stupid. Have fun storming the GME castle!
How many times did you add to your initial 300 shares to get maxed out? You posted that you were assigned 300 shares at 33.50 and would add on the way down. Previously you said that your practice was to add 3 or 4 times before attaining a full position. Is there a certain percentage drop that you add at?
My trading is not based on a rigid plan. It's more dynamic. My average is 800 @ 28.12 I've collected (not including the 16k pnl) $4075 in premium. So it brings my avg price to about 23.02 This is why I prefer selling puts...you are essentially getting paid to be wrong.
Do you not even understand what FIFO is? If I include my p&L my average cost is in the negative so even if they go bankrupt I'm still up LOL.
Since you dont seem to be secretive/protective about your strategy and in fact almost in a hurry to blab about how awesome it is how about setting your phone's camera on macro and snap a screenshot of your PC monitor showing your trade blotter for 2024? The ticker symbols,entries,exits,etc will probably be readable.