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Here is the scoop:
1. Dollar cost averaging only works if the stock goes back up. If it keeps the downward trend, you are screwed.
2. Make sure that you diversify. There were many people who bought all tech stocks in 2000 who retired to day trade and are back in the work force starting their lives over.
3. RESEARCH RESEARCH RESEARCH!!! Know about the companies that you are buying, what they have their fingers in, and who and what their executives are doing.
I could give you a million of these, but three should do for now.
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Have you seen my mojo?
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