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<p>[QUOTE=&quot;davidh, post: 2209279, member: 15062&quot;]That&#039;s like losing $100 on the spin of a roulette wheel and doubling your bet on the next spin.&nbsp; It might work a couple of times but you&#039;ll lose in the long run.</p><p><br /></p><p>If you bought one ounce at $15 and the price goes to $13 and you buy another ounce, yes, you have two ounces at $14.&nbsp; But then if is goes to $11 and you buy another ounce, you then have three ounces at $13 each. Price drop, to $9, buy another and you have four ounces at $12.&nbsp; $7 per ounce with another buy gives you five ounces at $11 each.</p><p><br /></p><p>Now, if the price goes back to $15 you have 5 ounces that you paid $55 for and you can sell for $75, a 36% gain.</p><p><br /></p><p>If the price only goes back to $11, the five ounces you paid $55 for is still worth only $55, a wash.</p><p><br /></p><p>On the other hand, if the price stays at $7, you have the 5 ounces you paid $55 for but you can only sell for $35, a 36% loss.</p><p><br /></p><p>Amortizing your losses only works up to a point and is profitable only if the price increases back to near original levels.[/QUOTE]</p><p><br /></p>

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