Noob question. When is it better to average down vs sell and rebuy? I’m trying to learn fundamentals of investing before going crazy on anything.
Let’s take my current situation, I have $500 of a stock that historically has been averaging around $11-13 per stock. I thought I was a goddamn genius buying it at 9.90 a share but the stock is currently close to its 52 week low at 9.20 a share. I stand to lose under $100 ish if I sell off. With such a small amount of downside (small cash loss) and a potentially high upside would selling and rebuying down to 9.20 make more sense? Or would you hold?
Appreciate any advice.
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