DON'T Buy the DIP - Do THIS Instead

In this clip, recorded Dec 13 2021, professional trader and author Brian Shannon CMT shares why you should not buy the dip, instead wait for buyers to take control and wait for strength after the dip.

Don't buy stocks in downtrends, no matter what you think about their fundamentals, only price pays.

Have a good one!

-Richard
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Disclaimer
The content of this video is for educational purposes only and should not be taken as a suggestion to buy or sell anything

[ankurperiwal]

I love it how its the same market for everyone but everyone has such different perspectives. It boils down to your time frame and your holding period.

[hernstv]

I don't have position on S&P but thinking of buying just a share after a dip sometime after CPI report and would keep adding just a share every -7% ~ -10% drop.

[googoogwaigwai]

Can you make a video of market topping out? Thanks

[alex]

Cant wait to come back to this video in about 2 or even 1 year, and congratulate myself that i didnt listened to these, ,influencers" on youtube, and did what a long term investor has to do. I bought the damn dip

[Noaxe_Tegrinde]

FANTASTIC! Short and to the point as well, which drives it home in a very clear manner!
It's something I go on about too....but you won't get those who desperately NEED to change, to do so...there's something weird about people's hopes; to have and/or want something that's already happened and in the past...seemingly more secure, comforting and reassuring... although the opposite is true! Like expecting the lottery winning numbers to come up again! :) There's some bizarre reasoning and hope is often justified by some fundamental analysis but they still don't look to see if the majority, who are MOVING the price, agree! Why oh Why do they think those days will return?It's like those hanging on to the glory days of a country's Empire...similar psychology! Almost a religious like belief rather than being rational.
I see it ALL the time on Twitter but I know they just don't get this obvious and logical (to me) wisdom. They do their analysis and valuation and miss the other bleeding obvious (to me) statement that Brian says here... look at the goddamn chart...it's price movement that will make you money....NOT your analysis of the company and its evaluation! I bang on about this and it makes no difference to most. Frustrating.
They also hang on and hang on through broken Stage 3 supports one after the other on the way down....all the time their SELL decision getting harder and more painful! Even if only they applied the absolute 8% max loss rule of O'Neil etc, at a minimum. Some are ABSOLUTELY distraught....you barely dare to point it out as they take that as criticism.... but they do it again and again.
Ah you can take a horse to water but you can't make it drink!
NoAxe

[shawnpatel]

HE IS WRONG. IN BEAR MARKET YOU HAVE TO PLAY REVERSAL BEAR MARKET RALLY. BUY OVERSOLD COMPANIES FOR 50% GAIN IN ONE WEEK.