Nice write up, you do that with your game selections too ?QQQ
dollar cost average.
set aside money you do not need and will not need.
put 35% of that money into QQQ today.
example: $10,000
put $3500 in right now so 12 shares at $290 each.
if the share price drops at least 30% from here buy another 12 shares at $203.
if it drops another 30% down to $142 or so, buy another 12 shares.
just the general idea. you can obviously buy at 25% drops or 35% drops or whatever you fancy depending on market conditions etc.
if the $290 you buy at dips a bit and then runs away from you, do not chase.
let it run.
when it is significantly up and you have replenished your initial $10,000 with more cash you have saved up, go and buy SPY and do the same thing.
i believe in long term investing with money you do not need for at least 7 to 10 years, and Dollar Cost Averaging.
Good Health Mate!
Refugee from across the street, first post here...............
- Thread starter homie1975
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