Your true break-even price including fees and multiple entries.
Your break-even price is your total cost (including commissions) divided by total shares. When adding to a losing position (averaging down), your break-even moves lower — but so does your total risk. Always calculate the new break-even before adding to any position.
Know your break-even before you take the trade. This avoids the common mistake of closing a trade "at break-even" that is actually still a net loss after fees.