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09-01-2015, 08:21 PM
I had read many financial books that disapprove of pyramid down because cheap investments can always get cheaper. Actually catching a falling knife is still O. K. if you have the capital, high pain threshold and time factor. The most worrying part is in case your due diligence has missed some unknown unknowns. Then there is no falling knife to catch as it has sunked into the bottomless pits.
Almost all financial authors recommend pyramid up. It's obvious there are many advantages if you pyramid up correctly. Therefore i am quite surprised many GURUS (some are Billionaires) recommended pyramid down. One of the reason given is if you buy when the price is in the uptrend, you have missed the best opportunities already. Perhaps their due diligence is so much more better than us, they dare to buy all the way down.
By logic, pyramid up is the safer route to take. Then please explain why the GURUS don't really practise it.
Me?
Have not tried pyramid up. But still manage to survive. (Must learn to pyramid up or at least don't buy too early).
Thank God.
Amen.
Almost all financial authors recommend pyramid up. It's obvious there are many advantages if you pyramid up correctly. Therefore i am quite surprised many GURUS (some are Billionaires) recommended pyramid down. One of the reason given is if you buy when the price is in the uptrend, you have missed the best opportunities already. Perhaps their due diligence is so much more better than us, they dare to buy all the way down.
By logic, pyramid up is the safer route to take. Then please explain why the GURUS don't really practise it.
Me?
Have not tried pyramid up. But still manage to survive. (Must learn to pyramid up or at least don't buy too early).
Thank God.
Amen.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.