Can anybody explain tha benefits of averaging down. I see no financial reason for doing it.
Whenever I make trade I try and consider the stock as if I was buying it for the the very first time. If I subsequently decide to trade it reinforces all my previous decisions.
So how have I ended up where I am with He 1? Have I broken another golden rule of investing, never fall in love with a share.
3 Likes
Massive benifits to averaging down especially when say the likes of the world gets told to shut down for covid, everyone who bought like mad in the deep red must of seen tidy profits the second government announced the reopening of countries then travel etc etc.
I think though averaging down constantly on a new company or dying company in a hope that it will bounce back is a trap, it all depends on why the share price has took a dive and if it sounds like something new will make it bounce back then probably.
But sometimes trading is speculating. That’s why everyone picked this stock in the first place right? In a hope that helium would be the new gold just like everything will be EV and hydrogen etc
3 Likes
Fall in LOVE with a share? Seriously 
That’s just a figure of speech meaning they’ve got emotionally attached to a position. That’s very common, emotional response to loss is very strong and causes people to act illogically
2 Likes
I love my wife and children? Prossibly more than my Helium 1 shares,but it’s close 
Average Price Per Share £0.0355
Fell out of love,
average price per share 8.3p
I am just over 6p which seems a long way off
1 Like
That great compared to mine @ 11p
Lucky it’s only a few hundred quid, many fingers in many pies
3 Likes
Meanwhile this is going on https://x.com/noble_helium/status/1731576572086247572?s=46&t=_G0mv_Z1l2iWmtY9Z16ZQg
Their sp is still low tho. Although not as bad as He1.
Ouch. That drop hurt.
1 Like
Can’t interpret anything from HE1 as good or bad anymore. All seems a retail investor trap. Large investors meet with HE1 buy in, we all jump on bandwagon then large investors rugpull.
1 Like
I called this additional funding weeks ago, and yet I’m still really annoyed by it.
Showing a £7k loss and HE1 are diluting us investors almost every quarter.
2 Likes
Sadly I like all of you, feel this was a train I should’ve alighted long ago. Going to have to leave my 100k shares here to mothball.
I will be switching my concentration back to the blue-chips. L&G - BMW etc 8/9% div and companies like RollsRoyce coming back to pre-covid glory.
Got caught in the hype and ignored the “No such thing as a free lunch” saying 
Best of luck to all.
4 Likes
We’re all in the same boat, have to leave it or take a huge hit.
Luckily I have good companies that pay dividends, and are nicely in the green. But not £7k to balance out HE1 deficit
2 Likes
1 Like
Below 2p already this morning.
I’m now preparing myself for total failure in this company.
Please! No more good news! The SP can’t take it.
2 Likes