When Do I Buy More Shares?
You should only be buying when the stock is a buy (above the band) or a dip buy as stated by the stock analyzer.
You have two options:
- Buy more weekly: Say you have $1,000 that you want to invest in a stock but you don't feel comfortable purchasing $1,000 in one go. You can split your purchasing over let's say 5 weeks which means every week, you will invest $200 ($1,000/5 weeks).
- Wait for a dip buy: Since the stock is an uptrend, it is already a safe time to buy which means you can follow the typical dip buying procedure. Learn more about that here.
Regardless of when you decide to buy, statistically the best time to buy is when the stock is above the band aka classified as a buy by the stock analyzer.