There is nothing wrong with adding to a losing position if you preplan your money management ahead of time and avoid risky assets. I average down on SPY all the time, long term, never realized a loss doing this. However, I cannot say the same thing about trading. People lose on non risky assets because they panic. Usually this panic is caused by overleverage or impatience.
Facebook is now above $37. It's gone straight up since last October. Don't say I didn't tell you. Runningbear
Not really, it's gone straight up the last 3 days. If you bought FB on OCT 1 at $21.99 and held it to Jul 24 $26.51 you'd be up a whopping $4.51. Awesome return on your money for 9 months hold time.
I wouldn't buy this POS I'm in the market to actually make money. Were you one of those unfortunate suckers who bought the IPO two years ago? Well if so congratulations you'll finally get back to even today, hopefully.