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Kangagirl

2,358 Posts.

169

09/06/24

09:52

Post #: 74234744
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Originally posted by herbalist: ↑

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.

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Love the Mods!
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