$PNUT: A Smart Strategy to Minimize Losses and Boost Profits 🧠📉
If you’ve bought $PNUT at a higher price, here’s a clever way to reduce your losses and potentially turn them into gains:
Example Scenario:
You bought 100 PNUT at $1.88.
The price drops to $1.32.
To lower your average cost, buy another 100 PNUT at the lower price.
How It Works:
\text{Average Cost} = \frac{(1.88 \times 100) + (1.32 \times 100)}{200} = 1.60
By averaging down, your cost basis becomes $1.60 per PNUT. When the price rises, you can sell at a profit or at least break even, improving your recovery chances. 💹
---
Key Takeaways:
1️⃣ Lower Your Average Cost: This strategy reduces the impact of buying at a higher price.
2️⃣ Stay Positive: Focus on solutions rather than losses.
3️⃣ Adaptable to Any Token: This approach works for all assets, not just $PNUT.
🚀 Stay optimistic and proactive! This simple yet effective method can help you navigate market dips with confidence.