Jeff: Glad you did well on it. Congrats!
Yeah, those averaging downs make a huge difference. For instance, the difference between two tranches in and 3 are that the 3 tranches has double the return of the 2, in this instance. It’s why it’s a great thing to have buy limit orders in place right after the original buy order executes so that you don’t even have to think about it. If the market hits it and you don’t even see it, it can still trigger the buy for you. Also, it takes away any hesitatoin or second-guessing one might do when the stock price is falling.
Congrats on your gain!
- This reply was modified 1 week, 4 days ago by Sean Hyman.