Hi Pat -
Quick question regarding the video you did for John today. {VIDEO FOR JOHN Mclean 11 21 34 32}
In this video, if I understood it correctly, you suggested starting out with buying 50% of a planned position at the proper buy point, then adding another 30% once the price goes up 10%, and buying the last 20% of the position when the price goes up another 10%. This would effectively put the stock up in price by 20% before we added our last 20%, getting to a full position.
In my head, I thought we would make the 2nd buy (30%) when price approaches about 2-2.5% from the initial buy point, and the final buy (20%) when the price increased to about 4-5% from the initial buy point. Kind of thought we wanted to be all in, assuming the market is good, and the stock is behaving normal, by around 5% from the initial buy point.
Would appreciate your thoughts and/or clarification. I may have missed something. :-)
Thanks
Mike
Mike
Thank you