We tend to think rationally this way, if the price can/will goes down to 0.80 , why do I want to buy at $1 ? The million dollar question is IT MAY or IT MAY NOT. If you are so certain, then probably you would pawn everything you had and go ALL IN and make a big bet out of it.
The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear, margin of safety or being cautious, I think it is the right thing to do especially in investment. You probably also take time to save up these money in order to invest so you want to play the game right !
So, will the price fall to the dotted line as I have shown on the chart or will it rebound from here ? If it does and continue to rally, then months later, you would kick yourself in the butt for missing a few cents opportunity cost !
However, it may fall through the support line as well as sellers continue to dominate this ETF, who can tell for sure ?
There are many products to choose from in the market , so spend your time , do your research and if you want to bet on it, start small and accumulate along the way. I speaks for myself since I am interested in many products (or call me greedy) so I would diversify quite widely, haha.
The reasons you hold back is the question of "WHAT IF" I am wrong ? Call it fear, margin of safety or being cautious, I think it is the right thing to do especially in investment. You probably also take time to save up these money in order to invest so you want to play the game right !
So, will the price fall to the dotted line as I have shown on the chart or will it rebound from here ? If it does and continue to rally, then months later, you would kick yourself in the butt for missing a few cents opportunity cost !
However, it may fall through the support line as well as sellers continue to dominate this ETF, who can tell for sure ?
There are many products to choose from in the market , so spend your time , do your research and if you want to bet on it, start small and accumulate along the way. I speaks for myself since I am interested in many products (or call me greedy) so I would diversify quite widely, haha.
Note
Being patient can get you the price you want sometimes, hahaNote
I will like to nibble some tonightNote
looking at around 40.75 to accumulate
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.