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Best Time of Day to Buy a Stock! (from a daytrader)
When to buy a stock , do you buy stocks in the morning or do you buy stocks in the afternoon? In today's video I discuss the benefits of buying morning selloff, buying the morning dip, and what I try to avoid! I try to avoid dip buying a downgraded stock by a major financial institutions. Dip buying is a great strategy that if done correctly, offers solid and consistent gains but with that being said, you need to have a set of risk parameters set and be willing to cut your losses before it gets out of hand.
Next thing you have to learn is to understand the patterns of specific companies. Tesla for example has a very consistent pattern of having a morning sell off and recovering. The morning selloff and recover is a timeless strategy, especially on companies you have tracked and followed for awhile.
What is dumb money- Dumb money is anyone that chases a stock and buys because everyone else is. Smart money then uses them to their advantage and can dump their shares on unsuspecting victims that are chasing the stock up.
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#stocks #stockmarket #daytrade
Disclaimer: All trades discussed in this video is for entertainment purposes and is in no way meant to be viewed as financial advice. All trades made based on this video are placed solely by the individual and are in no way affiliated or associated with Young Money Investments. Trade smart, guys!
