Meanwhile buying the DIP means holding funds and always monitoring the market till when the price drops far below the last ATH
This is the most stressful of all and the most dangerous of all, for a newbie. This is because
1. Timing the dip id very difficult, and one might end up missing out when the dip comes, because he wants the price to be dipper than that. and night not know that is the bottom line of the dip.
2. During when you are holding your cash waiting for the dip, an unforeseen circumstance might occur that will make you spend that money or part of that money because you believe that you will be able make it up before the dip arrives, and the dip comes like a thief in the night.
3. Your cash will depreciate as you are waiting. However, buying at the dip is the best time to buy if you have the money to lump sum, when the market dips.
Nice and thank @Sim_Card your knowledgeable line , and Always hedge your investment. It is important to act or invest without knowing the risk, but it is better to identify a suitable opportunity. Always keep your financial goals in mind and make trading decisions based on that. Diversify your investments to minimize risk. Prioritize taking shelter even in exceptional circumstances. Use your cash wisely and make informed decisions. Use appropriate criteria for income through investment. And finally, be prepared to learn if shelter is needed even in exceptional circumstances.