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Strategies & Market Trends : DAYTRADING Fundamentals
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To: Herc who wrote (5155)11/3/1999 4:53:00 PM
From: Richard Estes  Read Replies (1) of 18137
 
Why not be quicker in selling? Average up not down.

Lets say you are long, stock goes from 15 to 14, if you had left at 14 7/8, you could use the proceeds to buy 6.2% more shares at 14. Since you have a belief that the stock is sure to go back up and have the capital, buy some more at 14 3/8 on trip back up.

There is no guarantee that any stock will return to old highs or lows.
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