RE:KELLER TELL YOU momocau wrote: Keller, you don't understand what I mean. I bought ZENABIS shares for an amount of XXX also bought HEXO shares for an amount XXX and I bought TILRAY shares for an amount of XXX If I add up its 3 shares it gives me an amount of XXX a an average of 15.00 per TILRAY share. When TILRAY shares are at $15.00, I will have my investment back FULL. After $15.00, it's profit. Good thing I bought shares to keep my average at $15.00 instead of selling them at a loss and coming to this post crying. I haven't lost anything to date because I haven't sold any shares. A little advice for beginners: never borrow to buy risky stocks, and especially don't mortgage your house. To all long term investors of TILRAY, just a little more patience and we will be rewarded, I wish you all good luck.
Always had a hard time trying to tell newbies how to set budgets. Learned not to tell anyone what my budgets look like as some try to follow and crack under the pressure and then there are a few I speak with who have budgets I would never consider.
The "safest" way I find to explain budgets is to tell newbies to think in terms of paychecks.
If a full paycheck as a budget sounds like something you can handle then you have something for a starting point, half a paycheck, more than one. Etc etc
I am also a big believer in breaking budgets into cash blocks and not putting full budgets in all at once and spreading out the buys. This allows the trader to buy once but then have cash reserves on hand to add again if the SP should drop and allow a better buying opportunity. It can be repeated for as many cash blocks held.
Once the SP is high enough over your running average then sell SOME but not all. The partial sell pulls out cash, reduces risk and further drops the running average
Once your cash is fully out the remaining shares are free of cost and it literally doesn't matter where the shareprice goes from there
Jmho