Dip buying is one of my FAVORITE strategies! This strategy can be super risky — especially for new traders — because it takes a TON of discipline. Watch the video to learn why Bohen’s not a fan and if this niche can work for you! 🔴 Subscribe for more free Stock Trading tips: https://www.youtube.com/channel/UCoSG43KFjTe0trsteSQ46Ng?view_as=subscriber?sub_confirmation=1 Share this video with a fellow Trader: https://youtu.be/2YKHl_iAKz4 ✅ Links I mention and recommend: Join Tim's Challenge here: http://bit.ly/2EEXMRX Get my FREE weekly stock watchlist here: http://bit.ly/2WsNmi9 ✅ Recommended video: https://youtu.be/ql3cVYh-O10 ✅ Recommended playlists: Day Trading 101: Starter Videos: https://www.youtube.com/watch?v=sxhDIeYxNpE&list=PLTKUP0v0mxhvcNcP55fLthMRuTep2SGzY Advanced Day Trading Tips: https://www.youtube.com/playlist?list=PLTKUP0v0mxhsG4FCc4go7v4EOvyeNubJS My Millionaire Students – Are You Next?: https://www.youtube.com/playlist?list=PLTKUP0v0mxhtFSV2MDrpS6hziwptlpv4_ Trading with the Tims: https://www.youtube.com/playlist?list=PLTKUP0v0mxhvhVuORoUdAQ1yCAZ6RAI_R ✅ Follow Tim Sykes and his trading travels: Instagram: https://bit.ly/1Remh9f
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Tim and Tim here, talking about one of my favorite patterns to trade: dip buys. Bohen agrees it’s a valid strategy … but he’s not a big fan of dip buying. It can be very risky — especially for new traders. This is not an easy strategy! It takes discipline. I like to buy morning dips when there's no negative news. If the stock drops with no news, use your stock scanner’s news feed, then decide if you still want to dip buy. The classic dip buy stock has been trending for days, weeks, maybe even months … and then it drops — BIG. That’s when most buyers jump in. These traders tend to miss out on the run up, so they wait to capitalize on the crash. So, when should you dip buy? With these low-priced stocks, you can buy into the morning panic that's created by stop losses. There are specific areas where traders love to put stops. You don't know exactly where the stops are, but with education, discipline, and time, you can learn to recognize where they might be. It's not just about past support or past resistance. You also need to consider the Level 2 turns. Look at those key levels and determine if the stop losses have been taken out. When it stops substantially dipping, that's a good sign of a possible turn due to those stop losses. So ask yourself: Where are the stop losses? Where are the potential bottoms? Focus on learning to recognize these areas. It’s important to remember any bounce can fail … especially these sketchy pumps. Trade smart and small. Always cut losses quickly! How do you feel about dip buying as a strategy? Do you love it, or is it way too risky? What other topics should we discuss? Leave a comment below and let me know! #TimothySykes #Pennystocks #Investing —————————————————————————————————————-
Hey, it’s Tim Sykes, millionaire mentor and trader. Thank you for watching my videos. I hope that they help you. I want to share everything that I've learned over the years. You can check out more videos right over there, and also click ‘subscribe’ so that you can watch all of these videos, get that knowledge and become my next millionaire student.* —————————————————————————————————————-* Results may not be typical and may vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here: https://www.timothysykes.com/terms-of-service/

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