Goldenbear - suffering only from bad math?

You wrote that your average cost base so far is $5.04, and that you wanted to buy 100 shares at current prices to get your ACB down to $2.60.

If you bought 100 shares at the last close, $2.20, then you would have to have only 16 shares now, to have your new purchase get your cost base down to $2.60

Math: 100 new shares @ $2.20 + 16 existing shares @ $5.04 = 116 shares new total, at an average cost of $2.5917

Sorry, am engineer, can't resist.

So if you have only 16 shares, for which you paid $80.64, then so far you have lost $45.44. If you need us to I'm sure we can all pool together our gum wrappers and bail you out.

On the other hand, I doubt you have 16 shares, and I do believe your math is wonky.

That suggests to me that you should just relax. However many shares you really have, it appears that I have a few thousand times as many, so be happy and use the whole experience as a great investing lesson.

The old adage is true, "buy low and sell high", but unfortunately it is a "necessary but insufficient condition". I.e. to make a baby it's necessary that you have a man and a woman, but that's still not sufficient - they have to do something to make it happen.

In trading - you have to have the intestinal fortitude to stick with your fundamentally good picks even when they go down, even right after buying them (which will happen about 1/2 the time of course), buy more when it's dropping, and finally have the brains to lighten up when it's rising.

I say "dropping" and "rising" instead of "low" and "high", and this is key, because nobody know when "low" or "high" is. But if the company is good, which is largely good people, then you can trade on the movement and do well.

I believe it was Rockefeller (someone correct me if wrong) who said he trades only for 1/2 the profit - he left guessing the exact bottom and exact top to others who will scoop the other two 1/4s.

So tell us - is it 16 shares, or some other number? How many gum wrappers do we have to save up to bail you out? No guarantee of course - I gotta save gum wrappers for the baby too.