RE: POSITIVE POTENTIAL HERE.3 Mar 2021 18:05
Bitcoinbuyer, spot on.
When I started in the markets, I used to sell in panic at a loss when the SP turned against me. Then, quite often, after some time the SP will turn up and go much higher from where I sold it.
I then changed tactics and when I had a good stock and the SP turned against me instead of selling I bought more, averaging down. On one stock I turned a huge loss in to a ÂŁ60k gain. Sold half of that stock and the rest is free riding adding to my gain.
My experience in the markets has told me never to buy when I should be selling, but most importantly of all ... never to sell when I should be buying.
Right now, for CHF is time to buy and accumulate bringing the average down. This is what I am doing - doubled my holding already. If it goes lower I will be adding a lot more.