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Tuesday, 24 November 2020
How to Average Down, and find the Average cost on Robinhood for fractional shares.
What Is Average Down?
Averaging down is an investing strategy in which a stock owner purchases additional shares of a previously initiated investment after the price has dropped further. The result of this second purchase is a decrease in the average price at which the investor purchased the stock.
Why do we Average Down, In simple; It limit risk. i will make a video about Why in the future.
The Equation: Total Paid divided by Total Shares owned.
ex: for $LOW Total Paid $206.07
Total Shares 1.328537
$206.07/1.328537= $155.11
Youtube vedio
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