I added more Microsoft shares to my portfolio today, making them my largest position in the (single stock) portfolio. This means that I have "worsened" my "entry price" considerably. Who cares?
Sure, many are waiting for the perfect setback. I've often done that too.
Can also be really successful - but very often not. Most of the time you buy the dip - and it just keeps on dipping (in my example Novo, LVMH, Nike). The result is deep red figures in the portfolio, a strong imbalance and at the end of the day the chances of beating the market drop enormously.
At some point, it's no longer an investment, but just psychology coupled with emotion - and then it becomes dangerous.
That's why I currently prefer to build up positions that are successful & that I really want to hold for the long term - even if not through a -50
even if there are no "quick" profits to be made due to a -50% correction...
#backtotheroots