Revance Therapeutics Inc (RVNC)

[vinmantoo]

Your risk management policy is gambling, comparatively. Your second buy should ALWAYS be higher price than your first, third higher than second, ect. says Livermore.

That sounds incredibly stupid to me.

The idea that if you liked it and 30, you should LOVE it at 17 is complete bullshit because you don't know what you don't know. You could double down blindly at 17 based on your belief that nothing fundamental has changed and open yourself up to additional risk, or alternatively, you could let the stock bottom and wait until it begins to reverse course and show signs of accumulation.

Do you think your method of buying at ever higher prices because some people you don't know are buying for reasons you don't know doesn't have any risk?

Why are you misrepresenting what I wrote? I never said or even hinted that I double down at one buy or that I buy anything blindly. I examine why I bought a stock and if those fundamental reasons haven't changed then I will buy more. If it is after the market turns sours then I get more shares at a lower price. I like it when a stock I buy drops for that very reason. Why in the world would I want the price to rise if I am in an accumulation mode? See, I start buying in small amounts and build up. I told you that I bought more RVNC at 4 separate times after the market became bearish for RVNC and thereby increased my shares by 22%. That is measured response to what I believe is an errant move by the market. Warren Buffett said that in the short term the market is a voting machine and in the long term it is a weighing machine. Your method relies on opinions of people you don't know who are buying/selling for reasons you don't know. I prefer my method.

but trading patterns can make accumulation pretty easy to identify. When you do, that's when you buy. But you wouldn't know anything about that, would you?

I am always amazed that any intelligent person would use trading patterns and charts for their decisions.

I'm bored with this thread and don't care what you do but I'm sure you'll come back to me regardless.

You addressed me directly and told me why you think I am wrong. Then you end by telling me you now don't want me to respond or don't care if I respond. That makes me laugh.