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Why Buying the Dip Always Works
I was out for a couple of days but I am back and I bought the dip while I was gone. I added to my QQQ position at around $687 a share, which happened to catch almost exactly the bottom on that flush-out move. I also bought Broadcom on June 4th as a new position. This morning I make the case for why buying the dip is not a trading strategy, it is a long term investor's mindset. If you understand that the system we are in is built for asset prices to go up over time, you stop panicking and you start buying. I also push back on the idea that buy the dip only works for people who started…
The skinny
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