Does MM see merit in “Averaging Down”?
Do you see any merit in averaging down on the following - LNK, EML, ELO,WSP, and BVS
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Answer
Hi Graeme,
Of all the conversations I have with subscribers the most common tale of woe is that of compounded losses after averaging a losing position, often more than once.
We believe its only prudent to average if it was in the original plan when you first entered the position e.g. MM will look to average Seek (SEK) under $19.
Of the list you mentioned none are particularly exciting at this point in time i.e. LNK, EML, ELO,WSP, and BVS.
