For all newbie investors thinking about buying the dip. Wait for the VIX to enter the 40s (basically full capitulation) before you start to nibble.
Only buy when the market is either clearly bullish or clearly bearish.
I made the mistake of buying too early during the March 2020 sell off. If I waited an extra (2) weeks back then, I’d be ahead by a few years lol.
Posted by ImportantDiver5942
4 Comments
Any advice that suggest timing the market one way or another is bad advice for long term investors.
Agree to disagree.
If one believes in a stock or etf, set an auto buy and forget it.
Time in the market > timing the market (unless you’re lucky, or an insider)
Only in my 30s but every time vix was over 40 ended up being a good dip to buy in the long run even if it may end up dipping further in the short term
just follow the news. u can’t trade w charts when there’s biggest global energy crisis going on.