2 prong approach
When I realise I have bought high, I will do either of the two approach.
1. If I am very sure of my reasoning to invest in a stock. and I am able to explain the latest downturn. I would usually start accumulating small quantities as the price drops in past I have ended up with very good avg price and a massive return when it recovers to expected level.
2. If I am unsure of my reasoning to invest, also if I bought it on a suggestion. I would cut my losses immediately. It serves me well when I know the untrustworthy investment is not in my portfolio.
1. If I am very sure of my reasoning to invest in a stock. and I am able to explain the latest downturn. I would usually start accumulating small quantities as the price drops in past I have ended up with very good avg price and a massive return when it recovers to expected level.
2. If I am unsure of my reasoning to invest, also if I bought it on a suggestion. I would cut my losses immediately. It serves me well when I know the untrustworthy investment is not in my portfolio.
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