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<p>[QUOTE="Brett_in_Sacto, post: 2286503, member: 71510"]If it is, I'll be buying more and continuing on my dollar cost average strategy of buying the dips. If it's not - I'll have accumulated a substantial portion at the bottom of the market.</p><p><br /></p><p>And if it's not - you'll have missed the boat because you were only speculating. And if it is, will you buy - or wait because someone said it's going to $10?</p><p><br /></p><p>Same as I do in stocks and funds, in real estate, in everything.</p><p><br /></p><p>Heck - I even practice this when filling up the gas tank. Watch oil price trends, wait for Wed oil prices - and see the reflection in the pump on Thursday (which is when most change prices).</p><p><br /></p><p>The key to all of this is studying the markets yourself - and not relying on generic trends and hearsay from pundits. It takes time and effort to get as good as the guys in the big brokerage houses. I'll probably never be that good - but I'm aspiring to. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Calculated risk when knowing your tolerance is key.[/QUOTE]</p><p><br /></p>
[QUOTE="Brett_in_Sacto, post: 2286503, member: 71510"]If it is, I'll be buying more and continuing on my dollar cost average strategy of buying the dips. If it's not - I'll have accumulated a substantial portion at the bottom of the market. And if it's not - you'll have missed the boat because you were only speculating. And if it is, will you buy - or wait because someone said it's going to $10? Same as I do in stocks and funds, in real estate, in everything. Heck - I even practice this when filling up the gas tank. Watch oil price trends, wait for Wed oil prices - and see the reflection in the pump on Thursday (which is when most change prices). The key to all of this is studying the markets yourself - and not relying on generic trends and hearsay from pundits. It takes time and effort to get as good as the guys in the big brokerage houses. I'll probably never be that good - but I'm aspiring to. :) Calculated risk when knowing your tolerance is key.[/QUOTE]
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