Buying the dip buying the pool back. What am I talking about when it comes to day trading in buying the dip? That’S like about videos of stay tuned.
If you want to learn more about the stock market, want to learn more about day trading makes you subscribe.
The channel hit that Bell notification tap if your long-time subscriber thanks for watching. So I just made a video talking about a stock being over-extended how to trade that what to look for – and I don’t want talk about a dip I think about to pull back and what I’m looking for when I’m buying the dip.
And you know what’s going on there when I’m buying the dip so on a stock like lbix this morning I ended up getting.
I feel like I’m pretty good dip by here, and you can see this is the one minute chart the stock pulled back and jumped up there above $ 2 up there to the 229 area, then pull back down to the $ 2 area, and you can see Kind of, what’s going on here, sister, the 1-minute chart – this is the 90 ma hear the Blue Line. This is at money down here the yellow line so, like I said, I’m basically using the EMA’s as areas kind of the trend indicator. As long as it’s is staying above that 90 minutes in an upward Trend, kind of looking, okay, no socks and a balance of 90 maybe were looking to buy there.
Other people I’m looking at that indicator of the emails there and that’s the one reason that I use it on the chart. That’S the Blue Line, yellow line. These are the EMAs moving averages and you can see here.
The stock jumps up to that 229 area finds resistance, are the 29 area kind of right there, 2. 9 get stuck gets pulled back.
The 90 ma is down here the 185 area, so I’m busy looking to get a dip by here back below $ 2 and look for that move higher. So I end up getting filled here at 195.
It got down to 185, but it wasn’t enough time to get filled. Are you can see it jump back up? Pretty quick just got bought up right, there kind of back there and then buying the dip there and then looking to take profit.
As his thing went. Higher, which is exploding rest of day, we can see I’ll buy that dip there, so the stock obviously ran up big and made a big move from the dollar 80 area up there to 225 and then back and that’s what I was looking to get in there. I was actually looking to get into the break.
A $ 2 did not get filled so that I might okay, I’m going to wait for a pullback, I’m going to been there once I get that dip and then I’ll look for that move higher. So I knew the 90 and may was there 180 area.
I saw bounce off the EMA there. I saw it at that. Buying was happening near the 185 area and there was buyers stepping up there, so I ended up getting in there.
195, put my order out there and got filled 195 on the dip to ask, I think was at $ 2, but I got filled there on the dips I’m talking about when I think I’m out getting filled on the dip or buying the pool back. So this is a pull back, the trend is still there. The stocks moving, the trend is, is 90 and they were looking at here and Macy.
Looking for socks keep heading higher. Obviously, this doctor starts to Crashed, see if I get any the 195 area and then the next candle race through the 90 made that’s a bad sign into socket, possibly go lower, so it is little risky to buy here on the dip with the idea that you Know the next game, with the really just keep going lower, but that’s why I’m looking for the bottomless candle and hit the 25. ? The buyers are stepping up their I’m watching level.
2. I can see it.
There are buyers there, the 180 area 190 area.
That’S a good sign. Okay, I’m going to buy the dip here, I’m going to jump in and then look for this move higher. Instead of me buying up here the 225 area, hoping to go high sing! That’S over-extended year! I see that is pulling off the 90.
In May, there’s the woman Charlie pulled off at 9 a. M. A it got really.
You know, send there and then look at that pool back for the dip there. So I’m looking to buy the dip and that’s what I did right there about the dip and then sold into this move higher.
Sometimes what I like to do when I’m buying a dip here is I’ll just go and put an order out there. I see that support.
You know the bomb is cannibals there than 180 area. Maybe I can order out there at the 185 area, hoping that were in a dip down just kind of putting that order out there before the stock gets there. I’M thinking hey, this talk is going to black when I put an order out there, so you can get filled and then, if I do get feel like it filled.
If I don’t don’t, let me the stocks that you know um try to get this device or not. You feel like going to be like $ 0. 01 below where the stock went lower and it’s really hard sometimes going to have opportunities going to missed out on going to be those days build magically at the bottom of the Scandal you not going to fill their 185.
It would have beautiful move and then we get that move higher from there. So you’ll be really careful.
I’M looking for the supporters not just going to be dipped buying anywhere and everywhere. You look for a key support areas that 90 May was the support that I was looking for there, I’m watching the buyers want to watch Level to when we make sure those buyers are there not just trying to be the only buyer sitting there a 25. If I don’t see you Arizona cancel my order, if I don’t see the stock really kind of bouncing, and I don’t want to really just I don’t want to get stuck then other thing is, I don’t want to be I’m here at the doctor’s getting pummeled and Getting lower and lower, I see a lot of selling pressure, so I’m looking at level 202 watching and get an idea like okay to stop coming down a little bit, but it’s there still buying going on there.
Still action is still kind of popping up kind of popping up and then pull back a bit, but still you know it’s popping up there buying pressure going on there.
I might not get filled.
I might let you know, give you a lucky thing and I get Builder on the little bit of a dip, but I’m not too sure you know by end of that falling crash of the stock, I’m actually trying to look and get kind of get lucky with The dip by here and I’ll look for those key areas, so we’re not just buying as a stock is crashing. Looking for, the ski areas is stocked, the trend was moving higher. I saw the 90 email $ 2 area broke through the whole dollar.
Something whole dollars going to break normally would hold our brakes to go up for the upside. You get that break.
If I go $ 2, you get a little bit of a pullback. You know 10-15 sent pull back and then you get that move higher.
So most the time you get, this hold our breaks to get a loan Whirlpool back and you can jump in on that pull back and then look for that move higher there. If you can’t get filled on that first initial pop and there’s only those days were socks blows through a whole dollar just goes Higher and Higher, and you have no chance for a pullback. So you only going to be – and you know, train a little differently but little bit and give you that chance to get filled are you know, $ 0.
05 $ 0. 10 a little bit lower than the whole dollar. So that’s why I’m kind of looking for when I’m looking for those dip, it’s kind of looking for that buying fresh there.
I want to make sure there’s buyers there and I’m not I’m not just going to be the only buyer waiting there to get filled at 185 level. 2.
That’S one of the reasons I always talk about level to being so important. You leave you watching level. 2.
Washing time and sales make sure there’s I’m going on there. If I order sitting there at 185, I see people are buying still 186 when he is kind of bouncing around. I got a quick dip to 185 refill.
That’S a good sign now, if it’s just at 190 – and this is – I see a bunch of sellers – 195 sellers, your bunch of flowers at 190th, lower and lower – I might cut my order. There is cuz of the idea that I might go lower for dip.
I or it might just want to crash so going to be very careful not to buy the crashing real want to be the only buyer sitting there going to be very careful watching all these key indicators watching the support areas I saw earlier. This talk, bounce off of 183 made this move higher, something okay, you know, maybe get to 180 area, get a little balance if it doesn’t bounce right away if it gets stuck, if he doesn’t want to go higher, I’m going to take profit, and I can be Stubborn there, you can see the property fast on this one.
It made that move back into the high a day after getting above that 230 area, it jumped up there to 42. We can see a lot of sunglasses are so will taking profit again. You know if you were that were loading up here.
They didn’t like it. If you were taking profit, they are. You got the short spawn in there later on in me to move, I think after 3.
Lbix, all over the place is a crazy one, but buying the dip sometimes pays off. You got to be careful to not be there buyers sitting there waiting to get filled in the dip. You want to be kind of like yeah.
You know, there’s a lot of other buyers are moving their orders around kind of buying kind of cell, but you don’t want to be the only guy stuck there in the last one waiting to get filled.
So that’s kind of my take on the Divine kind of the pool back and looking for those supporting the more and more that you trade, the more you kind of read level tuning kind of COK pulling back here, but there’s a lot of buying so going on. The time and sales is looking pretty good, it’s not judge crashing is that just sell, sell, sell, sell, sell you this little bit of support as it’s going down as pulling back before still buying them.
That’S all. I look for look for that Trend still holding on look for buyer still being there.
I don’t want to be the only buyer like.
Day Trading PULL BACKS! BUY THE DIP SELL THE RIP!
Day Trading Pull Backs and how to Buy the dip then sell the RIP for Profit! Learning to identify profitable Dip Buys can explode your Profit as a DayTrader. Buying a Stock Market pull back can set you up with a great entry if you have a plan. Looking for previous support and using indicators like EMAs to show you support areas can help you find better entries while Day Trading. Remember Entries are everything for DayTraders and its important to wait for the right setup!
If you enjoyed this video please Subscribe to the channel for more videos coming soon! Just click link below!
Find out more info about the BEST! Day Trading Chatroom with Real Time Alerts and how to get a FREE 4 Day TRIAL! http://plandaytradeprofit.com
FREE DAY TRADING FACEBOOK GROUP
Follow Along on Social Media
On Twitter- http://twitter.com/plantradeprofit
Personal Instagram- http://www.instagram.com/PatrickWieland
I am not a investment professional. Please do not make investment choices off of the ideas you see in these videos without the proper knowledge and research. Day Trading can be very volatile! You need to understand the basics and the risk involved first!