Can anyone tell me why they do not buy on dips?
I buy on some dips but not on others. Reasons for not buying include having enough of the stock already. Reasons for buying include an incredibly good price because Mr. Market really is confused. But in general, less trading is better than over trading. Often I set myself targets such as a 15% drop. I won’t buy unless the target is reached. One rule I like to keep is not to buy on more than two consecutive dips, Mr. Market might know something I’m missing.
Saul doesn’t like option talk but one alternative to buying on dips is selling covered calls on rises and buying them back on dips to create an income stream.
Each stock is different and needs to be treated accordingly.
Denny Schlesinger