I've done the same thing, ride a stock down to a big loss. It depends on whether the stock fell for a good reason.
I've also averaged down to a penny on NTRO, when I bought on that last dip. The falling price did concern me for a while until I got used to this idea of trading low float stocks. Buy the dips when those with weak knees will sell low.
Pennies can go up just as fast and easily as they go down. I'm just holding to wait on news. It should be a profitable year.
Having said that, all penny stocks are risky, but the greater the risk, the greater the chance of bigger gains. What else could double or more in minutes or hours? ...but it works both ways.
When it rallies again and it will, I plan to sell enough to cover most of my initial investment and let the rest ride so it will be nearly risk free.
It's a rough week/month but we'll get past it with a little patience.
GLTY
Dee
"It's not your thinking that makes you money, it's your sitting." - Jesse Livermore
