Morning ... say we like MYEG (for whatever reasons) ... how do we buy in stages?
I would share one of the DCA way ...AVERAGE DOWN below the mean.
MYEG : low was 30cents ... high was RM1.10
ok .. so the mean is 70 cents, right?
buy every 10cents below 70cents ... so, the buying level (DCA) would be 60, 50, 40, 30 ... err ... 20cents?
Assuming we have RM50k to invest in her ... for WHATEVER reasons u chose MYEG la.
employ RM10k at each level ... starting with 60cents.
then RM10k at 50cents (note that we could buy MORE units at lower price, but we would be sitting on paperloss!!)
continue to do that at 40cents (as if u could get there ... u would be lucky la ... but ... be patient to wait)
no timing the market ... no care about the fluctuations ... no need brain. haha.
ask this VERY IMPORTANT question. WHY MYEG? what are the upside ...and what makes u positive on her?
note : I would NOT INVEST in MYEG ... definitely. For trading, ok la ..
TEH
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