RE:RE:RE:NCU Mining Operations - Overview Presentationnofluff wrote: Good summary quin. We learn more as we go. This thing has no end to expansion. I am a pop a bit overwieght on ncu. So I am hping for an uptic to get rebalanced.
nf
No matter what you invest in (this even includes home upgrades etc) you have to set a budget and do your best to stick to it.
If you are "heavy / overbuget" then be sure to know how much you need to rebalance by (dollar-wise) and determine the price you are willing to do it at. Ideally you do it at a price higher than your overall average however you can also do it a price higher than any block of shares you purchased in the past. If you simply pull the cash used to buy the shares at a higher price then your overall averages is still lower than what if would have been if you did not make the trade.
If you set up a spreadsheet and run the trades in there prior to loading them then you can see what the net change to your average will be by doing a partial sell.
If you are not sure where to set it, and you are in no rush, you can also set out a LIMIT order sell for a handful of shares at the max price you are allowed to enter. Assuming that is over your average price and that trade fills then you have little to complain about as you would have your rebalance order excuted and still be sitting on remaining shares with an overall lower average cost per share.
LIMIT orders can be set to remain open for extended periods of time so you can leave it there for days, weeks, months etc
There is more than one way to skin a cat, partial trades can address many of them.