Replies to post #4221 on Revance Therapeutics Inc (RVNC)

[jmkobers]

.....now I see your mistake. You are a trader who is playing the market as one would do in a casino.

Nah, there is no mistake and it's the opposite of gambling, it's just that we don't speak the same language. 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.

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. I choose the latter. It may never show that, but when a fund starts to accumulate a stock, they do their best to make sure it is a secret, 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'm bored with this thread and don't care what you do but I'm sure you'll come back to me regardless. Good luck Vin, you'll need it