think like a businessman rather than an investor
i used to be an entrepreneur, there is so much overhead and cost of goods involved, investing is so much simpler just riding on other's business. whenever there is a drop in price from invested price, i would treat it as overhead and cost of goods. thinking this way you can reap the rip and sip the dip.
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LeahJude : Good point. I think we should all think about it more like that![100 💯](https://static.moomoo.com/nnq/emoji/static/image/img-apple-64/1f4af.png)
Johnnie Worker : Are u a business man boss?
meruson OP Johnnie Worker : used to be, now I'm retired. FIRE
Johnnie Worker meruson OP : U could be a great investor then
whqqq : Yes, I agree with you. Entrepreneurs need to manage enterprises, and investors can choose good enterprises. In this sense, it is much simpler![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
meruson OP Johnnie Worker : merci beaucoup
FattAgain69 : If it is a normal drop in price during a normal fluctuation period, buying the lower price is good. However, if you are experiencing a drop similar to that of the internet bubble burst, you might bleed yourself to death with that practice before any sign of recovery showing.
meruson OP FattAgain69 : indeed, that's why it is important to not dollar cost average but to buy shares equivalent to the amount of loss incurred for every 10% drop. if the down trend is obvious, it would be better to 'short' with own shares so this short never has to be covered.