✨ Don’t #BuyTheDip on Monday. ✨
It is good and almost universal advice to buy the dip. However, if retail traders with limited amount of capital buy every dip they see, they will run out of money in a week or so 😀. So we need to be selective about which dip to buy and make some educated guesses about when dip reaches its low.
I have couple of vague rules which often (not always) work.
They are related to NY trading days and hours. You may ask, why? Well we believe that mysterious whales are moving the market right? And now guess, where do these creatures live? You may also guess their working hours. 😀
My rules…
I’m still backtesting them and not sure I’m ready to publish.
But I think Monday is usually not a good day to “buy the dip”.
Just saying. I may as well be wrong.
