The assholes will never be done playing with it. The hype on stocks like this is what attracts them to it. As long as you and millions of others want in, they will see it as a gold mine. Stocks are a battle between the emotionless and the emotional.
A smart method would be to take the total amount in funds that you plan on spending in total (regardless of how you feel about it) and allocate that a ladder step purchase.
Then you can average down and sit on it for the long term.
But remember the most important thing, do not jump in based on how you feel this is going to perform because that is EXACTLY what they will prey on.
Jump in with money you can absolutely lose and try your best to average down rather than buying as it moves up.
The assholes will never be done playing with it. The hype on stocks like this is what attracts them to it. As long as you and millions of others want in, they will see it as a gold mine. Stocks are a battle between the emotionless and the emotional.
A smart method would be to take the total amount in funds that you plan on spending in total (regardless of how you feel about it) and allocate that a ladder step purchase.
Then you can average down and sit on it for the long term.
But remember the most important thing, do not jump in based on how you feel this is going to perform because that is EXACTLY what they will prey on.
Jump in with money you can absolutely lose and try your best to average down rather than buying as it moves up.
Good luck.
Yes. Doing that will bring your average entry price lower and as the price moves up (assuming it does), your profits will increase.
A lot of people buy as it moves up and it raises their average entry causing a higher loss if they prices plummets.
Again, risk what you can lose without a worry.