I also use a dollar averaging strategy rather than worrying about not catching a falling knife.
However i do have two recommendation even for those who dollar average:
* keep a balanced portfolio (for myself this means an absolute max of 10% in any single stock, and for this to occur i must be the buy of the century). Once you have bought up to your maximum % holding you have CANT BUY MORE, no matter what the price. There is always the chance that you could be wrong on the company.
* Second, keep your buy in points widely spread.
Theres no point in my opinion topping up if a stock just has a couple of % downwards movement. Use 5-10% movements, and in a volatile market, or a volatile stock, increase this to 10-20% movements.
For example with CSL i bought around $28, then again at $33, then just a few days ago at $30.
CSL now represents 2.5% of my portfolio, i am happy to build it up to around a 5% position, but i am also prepared to be patient. If market weakness persists i will look at buying in again at
$27 then $24.
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Last
$301.20 |
Change
1.890(0.63%) |
Mkt cap ! $145.8B |
Open | High | Low | Value | Volume |
$300.94 | $301.98 | $299.44 | $160.0M | 531.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 586 | $301.09 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$301.32 | 1601 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 586 | 301.090 |
1 | 671 | 301.000 |
1 | 1244 | 300.960 |
1 | 709 | 300.920 |
1 | 404 | 300.830 |
Price($) | Vol. | No. |
---|---|---|
301.490 | 770 | 1 |
301.590 | 858 | 1 |
301.600 | 9 | 1 |
301.610 | 2 | 1 |
301.650 | 35 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
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