I hate that little man on Wall St!
I mentioned that I sold half my Goldman Sachs --- since it was way down -- and I had to counter some gain from the Apple sale at the end of the year... And today it jumps $6
Okay - so the lesson here is -- SCALING IN == SCALING OUT.... I only sold HALF of the position and still hold 1000 shares... so I get HALF the gain at least.
Had I sold it all at the lower $ I would just be "out". Remember -- this little SOB is watching you! And the minute you're OUT - he takes it UP. Hate that little guy!
If you scale into a position - sometimes it raises your cost basis... IF the stock is rising over time. But ---- isn't that what you wanted when you bought it in the first place? So if you buy 50 shares at $50 and buy another 50 @ $52 does it really affect your basis that much to care? No --- you really want it to go to $60 so you still have a nice gain. Don't be a hog....
