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mgiffor2
1
mgiffor2 Aug 29, 17 10:30 PM

I don't like it dude, MGTI and BTCS are the only ones that look alike to me

mgiffor2
1
mgiffor2 Aug 29, 17 10:35 PM

I think @RolandWolf traded BTCS today too. I saw an instagram post earlier about him having a 10k-ish day with some realized profit on BTCS but he bought late in the day.

Pennytrader420
Pennytrader420 Aug 29, 17 11:03 PM

thanks bud i bought into sing this am before work when i seen the price of bitcoin.i was gonna buy btcs ...kicking myself now.i dont like it either.thanks for the hasty reply

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mgiffor2
1
mgiffor2 Aug 27, 17 1:20 PM

I don't think you should rely on a most important indicator. You should instead think that they're all EXTREMELY important

TimeFliesBuy
3
TimeFliesBuy Aug 27, 17 5:18 PM

@mgiffor2 No One said to rely only on one this was as simple as a trivia question to see who has been studying and who hasn't. Just because theres a question about long division in a math book doesn't mean the rest of Math isn't important.

TimeFliesBuy
1
TimeFliesBuy Aug 27, 17 5:21 PM

Of course they are all important - I never suggested otherwise, neither did Tim.

alan316
2
alan316 Aug 27, 17 6:20 PM

Patterns/ price action.yay and thanks

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karubin1224
karubin1224 Aug 25, 17 3:48 PM

hey i saw this panic but i got scared out because the volume was really low. nice recap.

mgiffor2
mgiffor2 Aug 25, 17 4:33 PM

@karubin1224 I like the low volume because if the volume is low, and something starts spiking then a lot of traders start to look at it and some will probably chase. Conversely if the volume is high, then it shows a lot of traders have already bought at that level and there will need to be a lot more "suckers" to sell into. I guess you could argue that if there is a low volume dip then there could be a high volume of sellers coming soon, but I think at this point they are already bag holders. Yo

mgiffor2
mgiffor2 Aug 25, 17 4:34 PM

@karubin1224 You could also argue that a high volume of sellers accurately shows a support level, which I guess is true, but at the same time if a high volume of sellers gets soaked up on a dip buy, most of them are trained to cut losses quickly anyways. So in the case that there is high volume and then the stock fails to bounce then theoretically its a lot harder to get out. Please correct me if I'm wrong because I'm learning as well

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mgiffor2
mgiffor2 Aug 24, 17 6:51 PM

@nerenberg really appreciate your feedback. I think it has really helped me from traveling in the wrong direction. Over the summer I prepared myself to try to find a great strategy that works for me and I ended up reading like 10-15 stock market books. I've heard tons of people say HTTM is one of the best DVDs, so I think I'll just get that soon.

happykid
happykid Aug 24, 17 6:56 PM

You are very welcome! HTMM is a great summary of lots of information contained over multiple DVDs so it is well worth it. I wish you all the best!

Scott_PaperTrader_legit
1
Scott_PaperTrader_legit Aug 24, 17 7:08 PM

I wouldn't say that this is the only way to dip buy well but i would say it is a GREAT idea to just dip buy using these rules, staying disciplined and then once you are comfortable dip buying this way you can expand outwards and you will be able to use what you establish for other dip buying strats

xbows
xbows Aug 24, 17 7:52 PM

I would only dip buy from a PROVEN support level. Either previously established, or a double bottom as proof. After that, yes, look for volume and price increase, and enter as close to support/risk as possible.

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