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The Felon Pope :popephil:

Buying the dip doesn't mean you expect to hit the exact bottom of the market. As you start buying the dip, you know that it may drop further. nobody can time the exact bottom. The point is that you are getting the stock at a good value and it will recover over time.

Suppose a stock is at 30 on monday and drops to 20 on tuesday so you buy some and on Thrusday it falls to 15, so you buy some more, then it falls to 12.You have your shares at say an average of 18 so on paper you lost 6 per share...

It doesn't matter if a year later the stock is back at 30 (which is often what happens),
Then you sell it. if you had 3k shares you turned 54k into 90 k in one year. That is a great return. Sure it would be better if you could hit the exact bottom but lamenting that is stupid. So this article is for those of little brain. They aren't getting burned as they are not trying to time the exact bottom.

msn.com/en-us/money/markets/re

www.msn.comMSN
I'll be averaging down on my positions as much as I can in these coming weeks.