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DannoCaber
DannoCaber Sep 21, 17 12:15 PM

Dip buying is great strategy, one of Tims favorites, however it can go badly too. for example AKTX was amazing long today, I wish I was in it from the start, CUR had some small good action, but need to be quick in & out. A lot has to do with getting a good watchlist down to maybe 5 tickers & watch all at opening the volume interest & direction, then not hesitate too long before getting into your long or shorts tickers you have on your watch list. with long bias its more straight forward, but

DannoCaber
DannoCaber Sep 21, 17 12:17 PM

with shorts you need a broker who has shares available regularly in low price arena, but in future u may add that to take advantage of both sides.

ironman_mk32
ironman_mk32 Sep 21, 17 1:06 PM

Thank you for all the responses! I did look for a resistance point but not from the previous day. I wne to the 1 year chart and found an area of support and resistance at $1.04. Maybe i need work identifying these levels? I have been paper trading shorts and have been doing really well with. Unfortunately my account is still under $1000 so i cant short yet. How is etrade with short supply?

Bromarguy
Bromarguy Sep 21, 17 8:45 PM

Im studying and researching the arts of dip buying myself and all i can tell you is look for major resistance and support levels from different time frames. If your intention is to dip buy a morning panic, wait for the stock to pull back from the panic and see if it starts to make higher lows off of the pullback. If the stock begins to uptrend you can enter into one of those higher lows and use the low of the day as your risk level. Of course use your own due dilligence because i havent entered

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