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Pyramid in -when chasing
Mike,
When buying stocks, we usually pyramid in e.g.
50% at pivot
30% at 2.5%
20% at 4.5%
How do you approach this, if for some reason, you've already missed the pivot by say 3%? Do you immediately go into the stock with a 80% position at the current price: 3% above the pivot? Right now I limit myself to a 50% position at 3%, and only add 20% at 4.5%? That is, I can't get a full position on the stock, until later when I get a chance for add-on buys. Is this the way you look at it?
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