Let me tell everyone a shameful story. Last month, when SanDisk was pulling back from its high, I kept averaging down all the way, and all the way I got trapped.
I bought at 1400, then it dropped to 1300. I added at 1300, and it fell again to 1200. In the end, I couldn’t hold on any longer, so I cut my position—only to see a violent rebound just two days later. A textbook case of a retail investor’s move: averaging down in the middle of the mountain, and selling out on the floor. After that, I made a rule for myself: when building a position for the first time in any stock, never exceed 10%; any add-on must wait until it drops 10% or more. This market isn’t about who can make money faster—it’s about who can stay alive longer. #TradFi晒单
I bought at 1400, then it dropped to 1300. I added at 1300, and it fell again to 1200. In the end, I couldn’t hold on any longer, so I cut my position—only to see a violent rebound just two days later. A textbook case of a retail investor’s move: averaging down in the middle of the mountain, and selling out on the floor. After that, I made a rule for myself: when building a position for the first time in any stock, never exceed 10%; any add-on must wait until it drops 10% or more. This market isn’t about who can make money faster—it’s about who can stay alive longer. #TradFi晒单