Read? Average Down or Pyramid Up? (2)
” If you have a worry problem, do these three things: 1. Ask yourself: “What is the worst that can possibly happen?” 2. Prepare to accept it if you have to. 3. Then calmly proceed to improve on the worst.” (Carnegie 49)
Average down or pyramid up lies in the understanding the wisdom from Dale Carnegie.
“What is the worst that can possibly happen?”
What is the worst that can possibly happen when we get the stock direction by averaging down or pyramid up???
Pyramid UP
When we finally realise that we are seriously wrong on that stock direction, we can still get out with small or big regret.
Average Down
When we finally realise that we are seriously wrong on that stock direction, we may be in a sorry state for a long time.
The Moral of Story
Do you want to regret or feel sorry?
The choice is yours!
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Always invest based on company's performance and not to trade based on stock prices.
ReplyDeleteRegards,
www.sgwebreviews.blogspot.com
Theoretically is correct. Practically is not so easy. Because all information is passe in the market. Besides no one can be sure the information you get as a retail investor is "UTD" & "free from cooking". So due diligence is one thing, Lady Luck or God's blessings is another. i believe in Lady Luck or God's blessing after you had your due diligence. My 2 cents.
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