What timeframe charts do you like to trade? Here's one way to work it... https://www.elitetrader.com/et/thre...t-right-here-baby.343012/page-25#post-5666891
That was a correct buy because of the Fed's intervention... not a "bear market" in any sense of the word.
I've traded this market just like the bull , short dated volatility call spreads . Hate the vix note based instruments , they are subject to weird shit and I don't trade them
Hello Scataphagos, Buying a good company stock at 52 week low is the best I can do. I have to save all the brain power for the mighty strong NQ. She is jealous and wants all my attention everyday. Right @mikeriley ? I will only be buying Apply at 52 week low whenever that happens. Why Apple? Because Warren Buffet likes and invested alot Apple. Warren Buffet is rich, I am not, so I must do exactly what the rich man does to be rich like him one day. That is the best I can do. I have to save all the brain power for the mighty strong NQ. She is jealous and wants all my attention everyday. Right @mikeriley ?
Be sure to keep us apprised on how that's going. Don't discount that Buffet is OK if his stocks drop 50%. Most traders are not that sanguine.
The problem with 'buying the dip' or 52 week low....is you don't, truly, know where the bottom will be, Imagine buying everything in the Fall of 2008.....but it keeps on dipping, and dipping, and dipping still until March 2009, It's not easy to stomach ugly, temporary, storms, Trading/investing is all about being Right, right now -- no dead, neutral, wasted time, SimpleMeLike, are you rich yet day trading NQ futures,...from 5K to 500K to five million,...from a paper account to real money, now,
Appears to be a good plan. Just look out for those algo's, I suspect the programmers use historical behavioral dynamics. It sure seems like they can read my mind sometimes.
Well, that's the problem. EVERY dip on the way down is the WRONG one to buy until the LAST one... wherever that is.