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To: teevee who wrote (211865)	4/26/2021 4:18:41 PM
From: WalterWhite	Respond to of 233939

I never average down either. Pros rarely do. Fool me once, shame on you... the rest we know.

To: teevee who wrote (211865)	4/26/2021 4:22:32 PM
From: Natedog	Respond to of 233939

Agree.. But over the years had I taken more profits. Then waited on more assays. I'd be better off. Most miss. Then again... most don't have a shot at a giant cheap heap leach discovery. Ugh.

To: teevee who wrote (211865)	4/26/2021 4:45:28 PM
From: Berry Picker	Respond to of 233939

Averaging up can work if you do not over do it and end up increasing your average too much. Owning a stock at 10 cents and doubling at 30 means it only has to retrace 1/2 of the move before the nice profit you had is gone. One of the best things a person can do is look at a stock and make a decision as if you never owned it or do not own it. For instance - I had a stock last year that I bought for 20 cents and blew it all out at 40 It went to 80 and I was pissed. I did not buy it. In hindsight I realized that if I had not thought about my HISTORY with the stock I would have bought it - it went to $3 Every decision should be made on a PURE look at the situation as it stands at that moment. If you own a stock and it drops - we tend to want to avoid a loss and hang on but if you forget about the HISTORY and the fact you own it and ask yourself is that a buy or sell and realize there is no way you would buy it - then you probably need to sell it. The best decision is made if you can blank out what you have done or could have done Not buying a stock because you missed the low is just silly

To: teevee who wrote (211865)	4/26/2021 4:57:23 PM
From: Berry Picker	Read Replies (1) \| Respond to of 233939

If I did not own SIG yet - I would not buy here without seeing the results first because the stock has too much room to fall and fall quickly (presume this is right) I own it at 18 cents so if I bought 1/3 more here because the stock action looks to indicate that the assay is good and I only increase my price a little by buying only 1/3 more so that I have a margin of room to walk away without losing if the assays are shit and it crashes it appears to be a good move. BUT I just said buying it here before seeing assays is not a good move Why would I BUY just because I have "house money" WRONG MOVE That is an example of what I am saying