Your position should not exceed 10% from total portfolio. So if you buy 2.5% initially you have to re disturb the rest of 7.5% by dollar cost average down let say every 20 cents. But this is my free.99$ opinion
It’s different for everyone. I get a little crazy and buy every 1% as I never know how far it’ll drop and want a lower scale. I usually do every 3 to 7 %. I deeper my Eva at around 1%. -/+
Hard to pinpoint, but usually I double my investment if it drops 3% down or more. I do this until I hit my max of 12k per trade. In the case of Facebook, it happens fast. Sometimes I do get stubborn and throw money over 12k if I feel good about it.
I recommend TD Ameritrade and the ThinkorSwim trading platform, and they do charge .65 per trade but I believe you get what you pay for in speed across all exchanges and charting systems. I hope that helps!!!
I had to learn that the hard way. Made three mistake of investing all my funds in 1 stock only to watch it sink unable to buy the dip. Then sit and hope it gets back to where I brought it to break even. I'll never do that again. Thanks for all you do.
What do you all consider a “dip”? % or ...?
I'll love to know that too... is a 5% a dip? 10%?
I buy at 5 %or 10% . if it is appl or msft I do 5%. if it is SLV or GLD I do 10%
I am not an expert but this what I have learned -the more volatile the stock the longer I wait to buy the dip bc I know how far they can fall.
Your position should not exceed 10% from total portfolio. So if you buy 2.5% initially you have to re disturb the rest of 7.5% by dollar cost average down let say every 20 cents. But this is my free.99$ opinion
It’s different for everyone. I get a little crazy and buy every 1% as I never know how far it’ll drop and want a lower scale. I usually do every 3 to 7 %. I deeper my Eva at around 1%. -/+
What % of your initial investment do you use to finesse?
Hard to pinpoint, but usually I double my investment if it drops 3% down or more. I do this until I hit my max of 12k per trade. In the case of Facebook, it happens fast. Sometimes I do get stubborn and throw money over 12k if I feel good about it.
I lose my way and want that 1-2% account gain out of every trade. I think that’s my
mistake.
What trading platform do you all recommend? I am BRAND new to this. Thank you.
I recommend TD Ameritrade and the ThinkorSwim trading platform, and they do charge .65 per trade but I believe you get what you pay for in speed across all exchanges and charting systems. I hope that helps!!!
Thank you so much for responding!
I had to learn that the hard way. Made three mistake of investing all my funds in 1 stock only to watch it sink unable to buy the dip. Then sit and hope it gets back to where I brought it to break even. I'll never do that again. Thanks for all you do.
Yes Sir!!!
🥳
I get it. You may want to include that with every trade you post. It handles expectations.
Thanks. I really needed to read that. Great advise.