KORU, SNXX down 50%

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12.**.193.226   4   7   0  

It was a foolish choice. For those in a similar situation, would you just leave this alone and wait until it recovers a bit, or should I average down little by little? Since it is leveraged, I am even more conflicted.

 



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  Comments 7
96.**.34.207 (Created at )   | Reply
Looking at the current sentiment, I think it's going to drop further. Won't it go below 1,000 at least once? I hold SNXX too. Should I cut my losses here and re-enter if it goes below 1,000, or should I just hold on... I averaged down too quickly on Friday and don't have much money left, so... I don't think it will be up even a month from now.
45.**.194.100 (Created at )   | Reply
It is not too late to average down at the knee after confirming the bottom. Averaging down right now has a high chance of catching a falling knife. All indicators, such as war, oil prices, and inflation, are still pointing in a bad direction.
219.**.228.49 (Created at )   | Reply
At least you still have cash to average down. Protect your cash for now.
This is a market where investor sentiment has shifted from overheating to doubt. That is why you don't feel confident either. Others are the same way.
For the time being, step-by-step fluctuations seem likely to continue in a sideways market. If so, KORU will decay.
It must be upsetting, but accept what's in the past, and it's better for now to rebalance your current position into a structure that can survive a sideways market.
I was 100% in KORU at one point too, but from mid-June until now, I left only 2% and gradually moved 10 to 20% at a time into EWY and US index ETFs.
It hurts to lock in losses, but when I calculated it, the loss would have been much bigger if I hadn't rebalanced.
Don't average down; when a bull market comes, average up then.
Account survival comes first.
94.**.132.18 (Created at )   | Reply
I'm at -53% haha.. Fortunately, I hold very little..
160.**.124.218 (Created at )   | Reply
If it doesn't drop any further today, it looks like a double bottom low.
154.**.237.140 (Created at )   | Reply
Is there any sign that KORU will go up? I want to buy in a little for the first time today.
146.**.253.229 (Created at )   | Reply
Don't average down. I averaged down on Bitcoin and Ethereum, and fortunately, Bitcoin was spot so it's at -30% and I feel like it'll go up eventually if it keeps going, but Ethereum was leveraged, so it's currently at -90%. I gave up on averaging down and I don't even expect to get my principal back.
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