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<p>[QUOTE="Brett_in_Sacto, post: 2495100, member: 71510"]Always adjust your plans based on knowledge.</p><p><br /></p><p>If you bought 10ozt of silver at $20.50 last month, maybe you buy 15ozt this month since it's at 19.50? Buying 10ozt is still a good thing, because you do lower your DCA. But buying more as prices decline allows you to lower your DCA much faster. "Doubling down" as it were.</p><p><br /></p><p>Just make sure you always have a long term plan to invest and buy down your dollar cost average. And make sure you have liquid cash to make the investment with every month, quarter or year you buy.</p><p><br /></p><p>Watch the market for entrance points. There are some times of the month that silver is cheaper than others. Contracts expiring, overbought, oversold, end of month/quarter/year.</p><p><br /></p><p>Sometimes the bullion sellers have sales and specials trying to attract new buyers.</p><p><br /></p><p>Sometimes the market goes crazy and prices skyrocket - maybe you buy a smaller amount.</p><p><br /></p><p>I have one rule - NEVER ever buy after a multi-day price climb (3-4 days or more). Those that bought futures (paper markets) have a 72 hour clearing period and may turn around and rapidly sell driving a quick pullback.</p><p><br /></p><p>Sometimes you just get lucky - don't discount this. I'd rather be lucky than smart any day of the week. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>Last - don't listen to anything anyone tells you - including me. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie101" alt=":woot:" unselectable="on" unselectable="on" /> I could be wrong! Trust your instincts, use the force, etc...</p><p><br /></p><p>Aim small, miss small...[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2495100, member: 71510"]Always adjust your plans based on knowledge. If you bought 10ozt of silver at $20.50 last month, maybe you buy 15ozt this month since it's at 19.50? Buying 10ozt is still a good thing, because you do lower your DCA. But buying more as prices decline allows you to lower your DCA much faster. "Doubling down" as it were. Just make sure you always have a long term plan to invest and buy down your dollar cost average. And make sure you have liquid cash to make the investment with every month, quarter or year you buy. Watch the market for entrance points. There are some times of the month that silver is cheaper than others. Contracts expiring, overbought, oversold, end of month/quarter/year. Sometimes the bullion sellers have sales and specials trying to attract new buyers. Sometimes the market goes crazy and prices skyrocket - maybe you buy a smaller amount. I have one rule - NEVER ever buy after a multi-day price climb (3-4 days or more). Those that bought futures (paper markets) have a 72 hour clearing period and may turn around and rapidly sell driving a quick pullback. Sometimes you just get lucky - don't discount this. I'd rather be lucky than smart any day of the week. :) Last - don't listen to anything anyone tells you - including me. :woot: I could be wrong! Trust your instincts, use the force, etc... Aim small, miss small...[/QUOTE]
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