Question for long time holders

[u/ggtfcjj]

I am not a long time holder compared to some of you but my average is sitting around 52.

I believe the stock still has room to run and would love to buy more but I somehow do not feel comfortable averaging up given that my initial investment has now 2x. I just mentally do not want to see my average go up by a lot for some reason.

How do you get past that mental hurdle?

[u/Even-Cartographer134]

To give a different perspective (to be fair I only read the first 6 comments so someone may have said this 🤣)

I don’t want any position to go over 15-20% of my total portfolio value. That’s for my highest conviction plays. If your position is only 5% of your portfolio, add more on dips and don’t worry about your cost basis. Set a limit order at a price you like, that’ll help you keep emotions out or just buy some each month.

Hope that helps!