InvestorsHub Logo
Followers 16
Posts 3776
Boards Moderated 0
Alias Born 05/23/2011

Re: BlindSquirrelFindsNuts post# 45134

Tuesday, 03/26/2013 7:24:06 PM

Tuesday, March 26, 2013 7:24:06 PM

Post# of 90887
Hi hyr! IMO, sometimes it is better to cut losses than to keep throwing money at something. Sort of like beating a dead horse. I'm not familiar with your play, but am just saying this as a general rule. There are definitely times when I do average down. For example, I've been buying more BAC on the dips. However, I have confidence in it that it will rebound and uptrend. Riskier plays don't get that from me. If I'm playing a lotto and I'm losing, I bail to keep myself from losing too much. Sorry if that was clear as mud. :)

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.