To The Moon

Bought more to dollar average on red days and will be able to sell more calls as my position increase 

Palantir Technologies (PLTR) Dollar-Cost Averaging Update 💵

Here’s an update on my dollar-cost averaging (DCA) strategy for PLTR:

My Dollar-Cost Averaging Strategy 📊

I’ve been dollar-cost averaging into PLTR at an average price of $78.57. This was done between the stock’s recent low of $77.80 and high of $82. By spreading out my purchases, I aim to reduce the impact of short-term price fluctuations and position myself for long-term gains.

Entry Prices and Range 📉📈

• Average Entry Price: $78.57

• Price Range: $77.80 (low) to $82 (high)

Why Dollar-Cost Averaging? 🤔

This strategy helps me stay disciplined and manage the risks of market volatility. By buying at different price points, I smooth out the cost of my shares over time. It also positions me well if PLTR’s price moves higher in the future, as I already have an average entry price that is fairly competitive.

Next Steps 📅

I’ll continue to monitor PLTR’s price action. If the stock dips further, I’ll consider adding more shares to lower my average cost. If it rises, I’ll look at selling covered calls or potentially exiting part of my position.

Disclaimer: Dollar-cost averaging doesn’t guarantee profits, and the stock’s price can still decline. Always ensure your strategy aligns with your risk tolerance and investment goals.