The master of disguise...
One of the most enigmatic and elusive wild cats on the planet is hiding in plain sight, ready to pounce on these unsuspecting bharal(blue sheep) in this picture taken in the cold rugged mountains of Mongolia...
Can you spot the cunning Snow Leopard??!
You: omg credit card debt is at $1.1 trillion now!
Me: yeah, but the % of credit card debt relative to money in the bank is near the lowest in 20 years
Context matters.
“Buying the dip” means buying shallow, low range pullbacks over support and rising MAs, and preferably on the way back up.
Buying into stocks that have broken down into downtrends & below declining MAs, is not buying a dip, it’s buying a downtrend.
Key difference.
As a new trader, I made a big mistake: being defensive when winning & aggressive when losing. I blew all of my accounts at the tail end of a losing streak. Success came when I flipped my mindset: being assertive when winning & defensive when losing. A crucial psychological shift.
Don't underestimate the power of a trail stop on a 2 minute SP chart....This is a version of Welles Wilder's Volatility ATR work he published in 1978. Set it and forget it at key points.