Quote:
Originally Posted by CRCRFT78
Looking at my IRA I've noticed Pepsi is -7.72%, Consolidated Edison is -6.93% & Disney is -2.34% since purchase. Is -5% just your benchmark for scaling in or is that one of those unwritten suggestions for investors?
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No particular "rules" that I use... I just prefer to buy on down days. Sometimes waiting for a down day is futile because "down" is relative - if the stock has gone UP 20% while you waited for your down 5% move -- that ain't so brilliant!
I prefer not to try to time the market -- I just buy "some" -- wait and watch -- and maybe buy some more - up or down - there's no rules - this is all just a giant "who the hell knows" game. It's more a gut feeling for when over any thing else. Nobody has a crystal ball.
What I was trying to point out - using your three names listed here - is that I'd add to my Con Ed or Pepsi before adding to Disney -- given the percentages listed.