I used to sweat pullbacks on the regular. Maybe two years ago. It would really bring me down to see the account go all red. Not just that day red, but all time red. But time and patience and some steel in the gut allowed me to build up enough of a cushion in gains, that now when there's a pullback, I'm not sweating it at all really. I express my dissatisfaction, that's all. I mean, I'm down a crazy amount in dollars today, but it's like whatever.
As for the buying on pullbacks, that's not really part of my philosophy. As you know, I kinda go deep and establish a position and then leave it. Say I bought Tesla at $250, watched it go to $900, and then drop back to $800. I don't see that last pullback as an opportunity. I'm not buying more Tesla at $800 and fucking with my sweet $250 cost basis. So it's not a chance to do anything other than half-heartedly lament the loss of that extra $100 of equity that I had in the stock.
Now, when I've established my position and then the stock drops below and I'm in the red, I consider buying more then. I did that with Kong. Once it took a nosedive, I bought some more because I look at it like, I was down anyway, so if I buy more and bring my average cost down, at minimum I'm giving myself a chance to exit sooner without a loss if I need to, or if I'm still into the company, just holding more for the run up that I'm banking on.
Very, very rarely have I reloaded on pullbacks after I'd established my position and I was in the green. Maybe a few times.
