Posted by mastermind on 12th of Mar 2024 at 02:59 pm
And I agree that not all of the entries are extended. Some are
good entry points right away and then I will go full size. The
example of JD is somewhat of an outlier, being a Chinese stock that
is more likely to have gaps.
Posted by DigiNomad on 12th of Mar 2024 at 03:06 pm
Mark Minervini preaches to never dollar cost average in if your
first entry isn't profitable. He also preaches progressive
exposure, but it's more like a 50% starter position, then add 30 at
a higher low and another 20 at a higher point for a full
position...each add being at levels higher than the initial
entry.
And I agree that not
Posted by mastermind on 12th of Mar 2024 at 02:59 pm
And I agree that not all of the entries are extended. Some are good entry points right away and then I will go full size. The example of JD is somewhat of an outlier, being a Chinese stock that is more likely to have gaps.
Mark Minervini preaches to never
Posted by DigiNomad on 12th of Mar 2024 at 03:06 pm
Mark Minervini preaches to never dollar cost average in if your first entry isn't profitable. He also preaches progressive exposure, but it's more like a 50% starter position, then add 30 at a higher low and another 20 at a higher point for a full position...each add being at levels higher than the initial entry.
I'm aware of that philosophy,
Posted by mastermind on 12th of Mar 2024 at 03:14 pm
I'm aware of that philosophy, but I think you can miss some good adds at support points, so I sometimes add to a loser if it is still looking healthy.
Me too, but I'm adjusting
Posted by DigiNomad on 12th of Mar 2024 at 03:16 pm
Me too, but I'm adjusting now to take very small losses and then catch names I continue to like on reset entries.