$NIO Inc.(NIO)$ a hard lesson learnt. Many suggested that I average down but here is the irony. Should I put my money else where to generate more wealth or should I continue to DCA not knowing clearly whete this stick will head towards. Its an opportunity cost and a high risk to make for this stock. Will I make enough from other stocks to buy myself a good christmas present by year end??
But its a good lesson learnt to invest with two eyes open cause the amount spent to DCA and the amount of sunk costs that I could have invested in a better stock.
Its worth for me to share my experience to other Tigers just like me and we can avoid lots of unwanted losses. Its a trading journey and also an investment journey for me.
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- qunz·08-17 11:26Not going back to 19 anytime soon, but if u average to below 10, very likely within the year. All about your risk appetiteLikeReport
- MorganHope·08-17 16:43I’d switch. NIO can turn into a liquidity trap fast lol, why keep DCAing if the direction still looks this foggy?LikeReport
- BerryNat·08-17 23:42so true, was just saying the same to my friend. 🥲LikeReport