Doubling down is fine, if you buy 1000 shares of a $10 stock, and buy another 1000 at $5, if you start with 20k. You had plenty of capital to start with, right?
I'm kidding, you should've gotten out before it got to 5.
I agree with Redneck's first post. Get out. Take the hit. Step back. Re-evaluate. Many of us have been there. It f...ing sucks, but licking your wounds is better than staying in the battle and getting shot in the head.
I'm kidding, you should've gotten out before it got to 5.
I agree with Redneck's first post. Get out. Take the hit. Step back. Re-evaluate. Many of us have been there. It f...ing sucks, but licking your wounds is better than staying in the battle and getting shot in the head.