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Is it wrong to hope a stock you own goes down so you can buy more?

submitted by 2Drunk to whatever 2.8 yearsJul 3, 2021 19:54:50 ago (+3/-0)     (whatever)

I bought some pork ribs today at 3x the cost I paid 3 weeks ago. We have to thank President Pedo's handlers for that.


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[ - ] account deleted by user 2 points 2.8 yearsJul 3, 2021 20:00:06 ago (+2/-0)

account deleted by user

[ - ] Nosferatjew 1 point 2.8 yearsJul 4, 2021 02:50:19 ago (+1/-0)

No, it's normal to want stocks you own to go down so that you can comfortably buy more. This would only work though if it went back up after your second round of buying though. And it would only work if when it went down, you actually still thought it was worth further investing in. Problem is, when stocks tank, even when it's to a level you previously bought at, the tanking will most likely discourage you from buying more.

[ - ] account deleted by user 0 points 2.8 yearsJul 4, 2021 09:57:25 ago (+0/-0)

account deleted by user

[ - ] 3Whuurs 0 points 2.8 yearsJul 3, 2021 21:50:55 ago (+0/-0)

Not if you’re in it for the long haul.

[ - ] Guy_Gadbous 0 points 2.8 yearsJul 3, 2021 20:26:39 ago (+0/-0)

But you saved $0.16!