Perhaps we don't read the same studies couta, the point is leveraging a holding to increase equity, using the obvious indicators to sell some when it's overbought, then buy it again later when it's oversold (assuming long term fundamentals) to gain the the same profit on a larger holding (or in your case recently with XRO to apply capital to increase equity when the price is depressed to average down) they're very similar but one approach doesn't require more capital, it just leverages capital invested before it is eroded by market sentiment. I don't mind working for that, and it's not nearly as stressful as watching my capital get eaten away while passively blaming an illogical market. A market imho is not, and cannot be illogical, or logical, a market just ... is.