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re: Averaging Down/Averaging Up
Posted on 6/30/20 at 7:13 pm to ColoradoTiger1987
Posted on 6/30/20 at 7:13 pm to ColoradoTiger1987
I average down today on WFC by selling some I had bought at 36...Does that count? It was the first realized loss I've taken this year and it hurt to punch that sell button.
1
Posted on 6/30/20 at 7:37 pm to WM88
selling at a loss is not averaging down.
buying more at a lower price than what you paid originally is averaging down...the end result is you own more shares at a lower average cost per share
all you did there was take the loss. Not always a bad move though
buying more at a lower price than what you paid originally is averaging down...the end result is you own more shares at a lower average cost per share
all you did there was take the loss. Not always a bad move though
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