Bought on high price
I have to confess that I had experience when I bought the stock at high price. From my experience I bought “ UPST STOCK” I bought at $230 then went down to $82 per stock(everything I did with due diligence ) after research I knew this stock has a great performance. the way I do, was dollar cost average on this stock in order to reduce the cost average. Then the earning boost this stock up to $135 per stock from $94. Recently it stands at $157. After my dollar cost average buying now my average cost of this stock @154 which I made money already. this is the way I did. if you did a good research and knew the stock has a strong performance, do not panic and keep doing cost average buying. On the other hands, if the stock after I did research and can not see potential I cut lost and buying another stock instead. P.S. cutting lost stock you can claim tax as well. Hopefully this idea be able to help anyone. good luck to you all.
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