Read any investing book. They all say that averaging down is a pretty bad idea. In the book ''Market Wizards'' with many millionnaire and bilionnaire traders/fund managers, they all agree that averaging down is horrible. The best thing to do is to cut your losses.. and never fall in love with a stock. I bought my ARK stocks at .18, and I was stupid not to sell, I admit.
Theres nothing shameful in taking a loss. You can always buy back lower! :)
If averaging down works good for you, cool, but it's not something i would recommend to anyone.
I am not a registered investment advisor, so you must maye your own trading decisions and/or speak to a liscenced pro.
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