We're clearly reaching for the same gold ring. But I've made a tactical change in my style when it comes to accumulation.
Like you, I usually go with 500 to 1,000 shares (or units) when accumulating. However, with dramatically increased volatility, it behooves me to buy in much more limited amounts, else I run the risk of magnifying what happened to me today. Case in point: I saw an opportunity to add NGL at $9.59 and jumped on it. That was to be my last NGL purchase as I'd secured the position I had wanted earlier on.
But then my brain got twisted into a knot when I saw the $9.60 or so level deteriorating and I was thinking I'd better set up a GTC or find myself on the outs with me. I decided on $9.10 based on some back-of-the-napkin computing. Those numbers worked as the day's low was just a nickel below. But I limited my buy to 200u because we could see a repeat performance tomorrow. And if so, I'll dig once again for a couple of hundred units.
I don't have all the money in the world but I'm not afraid of risk. There are real people running this company. Their careers are tied up in it as are their paychecks. But their credibility is also part of the process for them and I can never dismiss the importance of it. So when I throw in with them, it's with the same risk tolerance I'd expect of myself, if that makes any sense. And that is why I'm relentless when it comes to standing strong and committed in my primary investments.
I'm convinced this one is going to blow the roof off of anybody's doubts. It may take nine months but if it's my baby, I'll understand and accept the terms. Full term, even lol
News 
Market Data 
Discover 
