RE: Any Ideas ?6 Jul 2025 17:02
"I’ve topped up regularly, and now my average is something I never thought I’d be lucky enough to achieve."
The problem I have with this type of statement is that if you believed , when you first bought the stock, that this was likely as best as you could divine, its lowest point, why wouldn't you sink all the cash you had into it then?
This seemingly never ending supply of "top-up" money always sounds a bit of desperate emotional support. "The stock has fallen (against my expectation), so I will buy more of it so I will get my money back quicker with this bigger stake". In Ice's case because he is sooo long term he has topped up a dozen times or more. To keep saying that this is "comfortable" does not make much sense to me as the scale of these continual emotional supports suggests he is a typical "gambler" in the most typical idetification of someone who's betting is out of control.
Particularly when I looked at his posting history and is on normally high risk stocks, that have not paid off.
I don't understand when is so comfortably off (retired at a very young age), he needs to do this financially, which in turn suggests he might be bored and therefore wants the "thrill" of risk.
Its the justification of the risk he takes that is from an outsider looking in, potentially a bit worrying.
(And before anyone starts, I tend average up rather than down, and also work with stops to limit losses within a mechanical system so as to reduce the emotional pull that this type of activity encourages with often disasterous personal consequences.)