Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?
I know its not an exact science but I've heard a few different preferences on this such as:
- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut
I think every trader who doesn't believe in analysis think it's an opportunity to buy on dip and this can be best strategy for someone who is investing his surplus money and has a capacity of holding it for long term.someone who can have long stoploss.I was also the same in the beginning so is everyone but with experience they know that analysis is a must to prevent losses even though price seems very attractive and safe.