If I am tempted to "catch a falling knife" I generally start small and repeatedly increase my position as the price drops (dollar cost averaging). It can work out well, but be prepared to wait :)
RE: Don't chase a moving train, or try and catch a falling knife
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Don't chase a moving train, or try and catch a falling knife
i like to dollar cost average to begin a position or average down a position that is dropping but i have confidence in.
or if i just dont have enough capital on hand to get what i want at once of course.
a great tactic if you are patient. my best positioned holdings are all from this strategy.
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Oh that waiting game can become a real pain.
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