Buy the dip. Never fails as the American markets will always recover.
The question is however, where is the bottom of the DIP and have I considered what risk to take if it continues to dip.
That is what actually causes portfolios to get blown.
However, I don't buy Dips. In fact, I don't buy low, sell high.
I buy HIGH sell HIGHER. Always have always will.
When momentum is on the way, it is better to get on the trend and ride it on up.
And that is WHAT the US Tech 100 is showing or the Nasdaq.
Technicals look great too.
Inv Head and Shoulders
Price>20 and 200MA
Target 23,671
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
The question is however, where is the bottom of the DIP and have I considered what risk to take if it continues to dip.
That is what actually causes portfolios to get blown.
However, I don't buy Dips. In fact, I don't buy low, sell high.
I buy HIGH sell HIGHER. Always have always will.
When momentum is on the way, it is better to get on the trend and ride it on up.
And that is WHAT the US Tech 100 is showing or the Nasdaq.
Technicals look great too.
Inv Head and Shoulders
Price>20 and 200MA
Target 23,671
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.