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"It drops. You hold. It drops more. You hold. It drops again and...

  1. 177 Posts.
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    "It drops. You hold. It drops more. You hold. It drops again and you sell. And it shoots north. So you buy back in. Too late and nearer the top than is good for you. Another screen blur and the SP is suddenly under the price you just paid. It falls. You average in. It falls again. You buy more. You sell. The SP runs north. You average down to the lowest low and the SP goes lower. Until you sell. Then it goes north."


    Hey, I thought I had that investment philosophy all to myself. Do you mean others also use it?
 
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