I am thinking that whenever I have money to spare, I buy, regardless of price. Long-game is everything... maybe someday when I have more I can play at "day trading"
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I am thinking that whenever I have money to spare, I buy, regardless of price. Long-game is everything... maybe someday when I have more I can play at "day trading"
From a long term perspective that is good, but if you can time your buys correctly (at/near the lows) then you can get a lot more stake for the same amount of USD.
That is very true but what are the chances of picking the lows?
It is easy to look in hindsight but where are we now? Is $.98 the low? We saw a sub .90 handle last week briefly.
At some point, this will run. Will it do so after hitting $.70? I dont know.
That is why I always prefer to have some cash on hand to take advantage of a pull back.
I have set a buy order at 0,000265 few weeks ago...we are pretty close right now:P