Post by
Maxmoe on Jul 13, 2023 1:13pm
Cue the clowns. How entertaining!
I know one guy that will , NOW, claim he loaded up at $1.20 end of May. Same guy will spread FUD in an attempt to buy cheaper. Fear,Uncertainty,Doubt. I didn't pay $1.20 and scoop up millions at the bottom. I paid $1.25 to double down. A long way down. With some cash burning holes in my pockets earning 5% I got "crazy" and thought some shareholders might benefit from my experience. Over decades I've made more money averaging up than "averaging down" though rarely a spectacular 20-30 bagger . More of a steady improvement with an occasional little pop on good news. Like today. If I'm buying as the stock moves higher I'm not fussed about "overpaying" or woulda coulda bought it lower until I'm frozen in the headlights. So today I bought more. At $1.55. It kept running and finally paused to fill in here at $1.60. I bought more. I bought the same $ as I did at $1.25 but significantly fewer shares. And that's a good thing! Because all the shares I owned prior to the double down shares at $1.25 and even the first chunk today at $1.55 are all trading higher. Which brings me to my last point. Shares don't know if you bought them or not, obviously, but they also don't know and don't care how much you paid. Neither should you. I evaluate what the current stock price is, not what I paid historically, and compare that to an expectation a year out. It sounds simple ,and it mostly is , but too many investors get hung up about what they paid. Try to focus on today and a year from today. Not a year ago. If you're flipping for pennies, nickels, and dimes, ignore what I said, you've already got it all figured out. Good luck.
Comment by
SunsetGrill on Jul 13, 2023 1:28pm
AHHHH what on earth are you taliking about?