(03-19-2021, 05:06 PM)JaG4LyFe Wrote:

(03-19-2021, 08:19 AM)The Real Marty Wrote: What is a 7-layer dip?  You've used that expression several times, and I'm curious what that is.

You keep doubling down your position because you thought your initial entry was the dip. For example,  my first entry into AMC was 20 @ 8.97. It went to 8.50ish, I doubled down 20 shares, now my average cost is 8.75ish. It went to 8ish, double down, now my avg cost is 80 shares at 8.37ish. It went to sub 8, cant remember exactly so I dd again, my end share price is 8.14. Now somewhere around 10 a share I shaved my position by 60 shares because I was far too deep in AMC than I wanted to be. In retrospect,  with AMCs rise, I should have held on to those shares.I have a small account and at one point AMC was 20 percent of my portfolio.  That's not very diverse

The deal with the Reddit stocks is that they randomly pop by 25% to over 100% on any given day so holding or buying up until then is a good move in the current market.  I currently have a cashed in ROI of 63% on AMC, GME, KOSS, and EXPR.  Lately, I've been conservative and have been selling when it pops to ~ 25% to 30% if it's looking like that's the peak on any given day.

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