There will always be an argument against buying an undervalued position
The main fear is that the bottom hasn’t come in
People fear catching a falling knife as much as they hate missing buying at the bottom
Split your buys into 5 parts.
- Buy at support confirmation
- Add to positions when a higher low is made
- Be prepared to give up some % in order to see a higher low confirmed
- DO NOT ALLOCATE your entire position with one buy.
- Manage your average at all times and be prepared for supports not holding, you cannot rule out catalysts or bad earnings, uncertainty will always exist
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
