Some good points above. Totally agree it all depends on the stock and why you are buying it. If it is a trade on an already moving stock then i will buy a small package ( up to 5% of portfolio, keep emotion out of it) and be pretty ruthless should it not work out. If i am buying a stock cause i want it longer term. then I pilot and add to within its trading range to get a goodish average ( hopefully, although there always seems to be a range below). I am wary of buying more on price movement break outs without FA support. Have ruined many a price average doing that. Was one of my first lessons on small caps in PSY (an old Fib pump for those that remember.) Although I had to learn it a few more times.Turned a big profit into a bigger loss , blinded my my billiance in being up 300%. Now I tend to sell into such moves. I am also wary of averaging down once the stock falls below that range. Will wait for signs of a clear change in trend. And as you geussed from that Kanga, I conglomerate the stocks into a price ave ( except for tax purposes). Anyway just my madness, not sure there is method in it.
Amazing how such a small island has dominated popular music over the years.
One of my favourite contemporary English groups are the Mods.
