I know where you're coming from, I made some huge money on some penny stocks in 2014 but then bought back most of the shares, in 3 different tickers, banking on another leg up, then would start averaging down, averaging down, averaging down... I still ended the year up about 120% overall on the year but I had been up about 650% overall on the year at one point at my peak, and whether losing gains or not, I lost $200,000 from my peak, that I would have preferred to burn outside in a pile and warm my hands on than lose to scam POS's. Have to be positive and try to learn a new tactic for the future and move on. My new tactic in that situation is to buy back only up to my original amount of shares in a stock after it runs in case it finds a massive second leg up. No more averaging down, and averaging down, and averaging down, into hell.... Diversification is the key! Have to keep screening and finding new tickers.
Did you buy at the top on this one banking on a massive second leg up? Or did you buy earlier and just hold too long and get into averaging-down-hell like I mentioned?
