Position Breakdown Initial position (assignment): 800 shares @ $23.00 = $18,400 Current price = $2.30 Unrealized loss = 800 × ($23.00 - $2.30) = –$16,560 --- Averaged down with: 700 shares @ $3.44 = $2,408 --- New total position: 800 + 700 = 1,500 shares Total cost = $18,400 + $2,408 = $20,808 New average cost = $20,808 ÷ 1,500 = $13.87 Current value @ $2.30 = 1,500 × 2.30 = $3,450 Unrealized loss = $20,808 – $3,450 = –$17,358 --- P&L Summary: Before averaging down: –$16,560 After averaging down: –$17,358 ➡️ Averaging down increased total loss by $798, but dropped your break-even from $23.00 → $13.87, making recovery more achievable. If I cut my losses and reinvested the $798 that I sunk into it... With Misty that would earn me $45 per month lol. If we use your numbers using the highest tax bracket worst case scenario: Summary: > A $17,000 capital loss saves ~$4,550 in taxes at the top tax bracket (53.53% on gains). Meanwhile, $8,000 in MSTY would earn ~$430/month at current dividends — a 64.5% yield.
Come on man you got to get your story straight!! LOL No credibility at all!!! From post #13 in this thread All I'm trying to show is that you'd have been better off taking the loss on day one rather than adding to a losing position. Hindsight I know lol . I'll probably never convince you of that but eventually you'll figure it out for yourself. Good luck. We be done. LOL