Ive been in both situations before. It's okay to purchase a stock if one feels fear of missing out. But instead of going in the full amount one may start his initial investment with just 1/4 of his usual stake. For example if one usually invests 10k one may instead start with $2500 first. If the price goes lower the investor may put in another $2500 and so on and so forth. In this way the investor will lower his average cost and the risk to reward ratio will be skewed in his favour
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