After several market cycles, I stopped automatically buying every 8-12% dip like I used to.
Too many times I averaged down into companies with weakening fundamentals just because the price looked cheaper. It ended up tying up capital for months with poor results. Now I only add significant capital when there’s a clear catalyst and reasonable margin of safety. Otherwise, I stay patient and keep dry powder. Have other investors also become more selective with dip-buying this year, or are you still averaging down aggressively?