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I stupidly got all of my Roth IRA (around 32k) into PDBC around 2022 when commodities were hitting all time high. Oil/gas didn't do well since then and I'm currently sitting at around 4.5k loss. I averaged down to the price of around 15.75 per share so far and the last time it was in $15 range was end of 2023.
It currently trades around $13.5 and I can't even sell calls on that since no one bids on it to grow at all. I'm on the verge of taking losses, selling it all and just trading sane stocks/ETF to regain. But at the same time I still feel like it can go up to $15 by the fall and maybe I can exit with a loss of just few hundreds, instead of near $5k. I'm also really itching to purchase anything but commodities, swing trade and trade covered calls/cash puts, and I feel like I'm just losing time and money sitting and waiting for a miracle.
What do y'all think, is it worth waiting and minimizing that loss? Should I even bother averaging down even further?
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- 10 months ago
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