Nothing draws in new batches of cannon fodder like the bull market of 2013 - be it STI or S&P.
I think its good to revisit this never ending average down topic once again.
Experienced investors and traders (lived through 1 bull/bear cycle) you can move along now. Nothing to see for you. You won't be where you are today without a well established opinion. Don't change a winning formula. Wink.
For newbies curious to hear the arguments from "lao qian beis" - Average down or up?
Read the crazy comments
And for those above 21 and don't mind a more RA content - Whip-cream or leather whip?
Note: I never say listen to others; I merely said hear their arguments.
Once you have finished a complete bull/bear cycle, you would have your own answer. Nothing illuminates more than your own track record.
Homework: Can you tell the difference between Average down, Scaling-in, and Dollar Cost Averaging?
Are they the same?
Or are they miles apart in differences?
Singapore Man of Leisure (welcome to my blog; just google it!)
