RE: Why are we down on SP20 Nov 2020 21:11
That’s the problem when trying to catch the bottom, it’s near impossible and if you do hit it it’s pure luck!! Best to buy the dips if you’re committed to a stock and feel it is undervalued/has good upside potential. Make sure you have some reserves. I often set 10% drops as stages to buy as that way, if it doesn’t hit it, I’ve not missed much but can also catch the dip from profit takers which generally recovers quickly thereafter if the stock has good upside generally. Example, I bought more AML at 72.25 yesterday after it dropped 10% yesterday morning but it touched 67 that day. Today if finished at 72.75 so I was very happy as only missed the full drop by a few percent which doesn’t make a great difference over time and of course better than missing the dip altogether if it suddenly pops up again!!! That’s just my strategy of course. GLA