It depends. If you don't have any position to start with. A small position might be ok.
However most traders would consider this as too risky and would avoid to catch a falling knife.
It will be unwise if you already have a large position and trying to average the cost price lower. I learned that lesson in early stock trading.
It depends. If you don't have any position to start with. A small position might be ok.
However most traders would consider this as too risky and would avoid to catch a falling knife.
It will be unwise if you already have a large position and trying to average the cost price lower. I learned that lesson in early stock trading.