When is it OK to violate your cost basis to buy more shares of a firm?

Nvidia CEO Jensen Huang,speaks on the Supermicro keynote presentation in the course of the Computex convention in Taipei on June 1, 2023.

Walid Berrazeg | Sopa Images | Lightrocket | Getty Images

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This week’s query: The cardinal rule of self-discipline is to not violate cost basis and present endurance to buy more high-quality shares on pullback. How do you consider a flying inventory which could not come again to ranges of cost basis to add more? Recent examples embrace Nvidia (NVDA), Eli Lilly (LLY) and Tesla (TSLA). — Thanks, Ravi

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