You messed up
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@Dogwithmoney explain what you mean by that and why. Otherwise, your comment is irrelevant.
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@MikeUpegui You’re -27% or likely a lot more since you bought. Also democrats won’t allow growth so the demand will decrease a lot in the future. You can buy -6% or -8% dips, that’s fine, but two digit dips in a single day don’t recover
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@Dogwithmoney You might have partially reason. My position is currently around -23%.
Besides, my strategy is built for exactly these situations. I don't go all in on the first purchase. I scale into positions at predefined Fibonacci levels, so a decline simply triggers the next buy order rather than forcing me into a panic decision.
Could it fall further? Absolutely. That's why position sizing and multiple buy levels are central to my approach.
And regarding "two-digit dips don't recover"... many stocks that eventually became great investments started with exactly those kinds of drops. The trick is surviving them without blowing up your portfolio 😄
Only time ⏳ will tell.
Besides, my strategy is built for exactly these situations. I don't go all in on the first purchase. I scale into positions at predefined Fibonacci levels, so a decline simply triggers the next buy order rather than forcing me into a panic decision.
Could it fall further? Absolutely. That's why position sizing and multiple buy levels are central to my approach.
And regarding "two-digit dips don't recover"... many stocks that eventually became great investments started with exactly those kinds of drops. The trick is surviving them without blowing up your portfolio 😄
Only time ⏳ will tell.
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