How to master the "Buy the Dip" strategy when Day Trading!
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- Learn the best way to identify a strong trend and how to profit from the "Buy the Dip" strategy! ******. Watch our Live Trading show, Monday to Friday from 9 am to Noon! / tradertvlive
In this video the TraderTV.Live crew will explain in detail how to both identify a strong trend and also how to profit from the "Buy the Dip" trading strategy. We will provide multiple different concepts and approaches to both identifying the proper setup and executing consistently profitable trades.
Outline:
0:00 Intro
0:55 Neal and Shawn to identify trend
1:55 Shawn uses WFC as a great example
3:04 How do we identify a strong stock?
3:36 Neal uses CODX as an example of a strong stock
5:10 Shawn uses SQ as great example from a swing trade perspective
6:30 Shawn uses WFC again to demonstrate intraday trends vs. daily
7:32 How to execute "Buying the Dip"
7:42 Brendan uses a futures chart as an example with a candle stick entry
10:30 How do we define when a stock is no longer trending?
11:21 Neal uses NCLH to show how a major resistance level can stop a trend
12:55 Summary of topics discussed
Trading Software: daytradetheworld.com/trading-s...
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Implementing the 'buy the dip' strategy in day trading can be challenging for traders. Identifying true market dips versus potential downtrends requires skill and experience. Traders may struggle with timing entries, risking buying during ongoing bearish moves. Additionally, false dips can lead to losses if not distinguished accurately. It's crucial to use technical indicators and risk management to optimize the 'buy the dip' approach successfully.
Well said. Any experienced trader knows that successful trading takes time. There is always some level of risk, which needs to be understood and managed.
The problem for me is that some strategies are extremely difficult to grasp and even more difficult to incorporate into my trading plan.
To be honest, it's extremely exhausting, blew my account twice now.
@@chriskitzlinger It's best to experiment with what works for you, understand it, and stick to it.
Admittedly, not everyone is built for the ups and downs as they come; unless you have a passion for trading, you're probably better off hiring a professional to manage your investments. It's a safer way to curb risk and earn while learning.
Spot on! Couldn't have worded it any better myself.
@@aidan.g.harbach Trading has always been about supplementing my earnings for me, so i wouldn't exactly say i have a passion for it. I've considered hiring one, just never found a proper recommendation. Do you have any on your roster?
I just love the way Canadians say the word "ABOUT" 😁..... I am learning SO much from you guys! I'm soooooo grateful that I found your channel! 🙏🏽 and I've been binge watching all of your videos for the past hour, lol .... Thank you for all that you do!
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Agreed
This is professional level stuff, takes effort. We appreciate it
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The lessons just keep getting better! 👍
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This is the most helpful trading resource ever. The clarity with which you guys explain any concept and how you empathize with new trader's mindset proves the quality of your content and your mastery over trading.
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this channel is way more better than Fox, CNBC, Bloomberg, etc. Thank you so much for the excellent and free education.
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I love how these guys walk through their thought process here. I feel like I have found a nugget of gold on YT! FOLLOWING an thanks for the lessons.
First one I’ve watched. Newer trader here and this is some of the best knowledge I’ve come across. Ty ty. Subscribed 👍🏻
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You guys are explaining way better than some of the classes I had paid for. Thank you so much.
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It's like having private tutors! Thank you for being so generous with your knowledge. Have been watching this group for about 2 weeks, and though have yet to jump in on one of their day trades (Don't have the best trading tools, nor best platform) I am getting better at identifying much better option entries, so much so, that I have gotten out of my options in and hour or less at 50%-80% profit! Well I guess that would make me a day trader, right?! THANK YOU! I appreciate your generosity.
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I’d love hear you guys explain volume! Thanks. This was super helpful
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definitely the most helpful video i've seen in youtube , thanks for doing this !
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I dont know why people pay thousands of dollars to trade gurus and loose more by mirror trading them. You guys are amazing and can't believe that you provide such professional content for free. Please keep up the amazing work.
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i wasnt aware you were doing these videos and im glad i watched this.. great explanations ! cheers
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Love the insightful short videos, love more detailing your live trading lingo and methods.
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My favorite scalping strategy. 100% mastered....
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the content is extremely underrated. thank you guys so much. new subscriber
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Love and appreciate these videos. Very useful content. Recently heard Neal on a podcast and glad it brought me here. Thanks!
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what an informational video!! Thank you guys for taking time to explain the most important concepts with live examples.
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Great channel, looking forward to more of those educational videos! Liked and subscribed!
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Great video guys! New subscriber here. I really like how your videos have the news room feel to them. Way more professional. It grabs my attention and keeps me interested some how. Almost like your videos are breaking news on trading techniques hah thanks guys.
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Probably one of the very best dip/educational video on the web!
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You guys are awesome. Biggest challenge is not having peers like you guys. Love to learn from you pros at this level. You are increasing my edge, thanks so much.
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These guys are the best. Make sure you watch their living trading at 9:00AM every day!
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This is extremely valuable lesson. Thank you very much guys. Keep up the good work
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Explained so well and easy to understand. Can you talk about how to look at the times and sales to define the sudden flush down. I always got stuck when the price flush down hard without notice and loss all the profit that I made from the premarket. How do u relaized the sudden flush down by looking at the times and sales and what indicator to signal u the flush down is coming? No one has ever explaining to me well about this issue but im sure u guys should know because u r the professional. Thanks.
GOD BLESS YOU GUYS, i'm watching a lot of trading videos, i think i have over 1000hrs of videos watched because i want to collect some data and try to understand this game before to jump in with real money and i want to say that for me is incredible that you offer high quallity info, you put on the table 30-40 years of experience in day trading and everything is for free...and you didn't try to sell anything. This is incredible....maybe for someone that is really new in daytrading this is not a big deal...but for who understand this game, what are you doing here guys is BIG DEAL ! Thank you, thank you, thank you!! Sorry for my english, i'm from Romania and i'm watching you everyday!
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The issue is they only day trade smh
This info is GOLD!! great job guys!
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I just subscribed! Crystal clear information keep it coming !! Thanks
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Just discovered your channel. Glad I did, great content!!!
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This information was extremely helpful. THANK YOU 🙏🏼 🙂
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wow dope stuff. Buying the dip :) about the VWAP which crosses every previous wicks. 9:25
Thank you guys for your time!
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im trading with cfds because i dont have money but you know i improved a lot with you guys 50 to 200 in 2 weeks watching this
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@@MoreTraderTVLive thanks a lot ill be wathching
This is awesome educational video - thanks a lot - please keep educating us.
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Great Channel! Loving It!
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thanks for stopping and going into details... I almost got lost
Nice one guys keep such good videos coming !! cheers !!
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You got a new subscriber, great video guys! 👍
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I finaly understood a video of trading. Well explained guys! ❤
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You guys are incredible! Lessons are amazing! I had a question that I hope you could answer, do you guys ever trade options?
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No, Neal and Shaw trade stock shares!
The most amazing information 🔥🔥
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Join us Today at 1:45pm ET for the Live Interview with MindMed Inc. CEO JR Rahn:
th-cam.com/video/TxzI9WhkaFc/w-d-xo.html
Love it, you guys are the best!
Valeria too!
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Really appreciate that it’s so amazing
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Amazing for a new trader
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Really great practical explanations guys.
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I like to use HA so I get trend confirmation and VWAP for my S&R levels then I don't use many indicators what is your option on my choices I am very green at this trading thing and need some FYI to improve my trading adventure.I just found your TH-cam channel and I love the content
This is gold.
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y'all are amazing
very useful stuff. keep it up guys!
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Thanks, guys for the content!
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I’m long on this channel. Fantastic content
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great!
Thank you for great video guys.
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So do I but the dips when the VWAP line is broken or dips below the VWAP line then ride it back up?
I'm glad I came across your channel. New sub,.
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You guys are great.
Glad you say so, please stay tuned, will be getting only better!
Awesome content. Thanks for the video.
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Great video, watched it twice.
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Appreciate the content!!!
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Hi guys I been watching all your videos on breakouts, buy the deep and so on. When they trade morning gaps, do they use the pre-market chart or they don’t?
Pre market levels are a good reference point for morning trades! Shawn and Neal use these levels as part of their trading!
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What about the tape/lvl2 ? What do you guys look for there to buy the dip?
Thanks a lot for that Video! I can not find the Info which Broker you are using and which position sizes you have pre-defined for your trades? The commitions per trade must be very low.
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We use Ppro8 platform with dttw.com
Minimum amount of shares is 100 shares. It depends on the stock's price and on what act trader wants to do!
Thank you sir
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This is gold lol thnx a bunch!
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Great review🇨🇦
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Very nice sharing.
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Awesome explanation on buying the Dip,loved it.
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@@MoreTraderTVLive i am a subscriber.
You guys are the best
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Great content!
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Love the content guys. Your channel is very promising and really look forward to more! Subscribed!
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Hi, love your channel, it Inspired me. which MA do you use?
Happy to hear! Stay tuned and inspired, we'll be getting only better!
This is VWAP, explained here: th-cam.com/video/qMj0_YKazbE/w-d-xo.html
first video i watched i have seen from you beautiful people , y'all doing a great job explaining the details, keep up the good work , bad or good trades show it all. you have great team working together.
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Nice video lesson..Thanks
Which broker do you recommend to your Beginr traders?? Offshore..
Tc..
We use Ppro8 platform with dttw.com
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Ilove your videos and watch them always but honestly this support level never works perfect specially in chopy market they are all over the places
is there anything you suggest to be more specific about the support ?
Master support & resistance: th-cam.com/video/Dp1yzhwN4xU/w-d-xo.html
Can you make a video covering the effects Predatory Short Selling has on companies and the benefit of bringing back the UpTick Rule?
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This is how freaking awesome you are. 220 likes 0 dislikes. YOU ROCK !
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@@MoreTraderTVLive I'm subscribed, lock and loaded !
Could you please make a video about Verticals. How and when to use them, and how to set them up.
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Great video not much clutter on charts support n resistances , please help the trader community by explaining different type of orders that can be place and how to place trailing stoplosses etc.
You can watch the Support&Resistance video, Stop Orders video, Trailing Stop Orders video and many more on this channel!
I work during the day, and can't babysit the screen. Can I do this on a 5 day chart as well? Thanks for helping " the little guy".
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Impressive
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Learned what vwap is today 😁
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Which chart time frame should I use on the dip 1hr 30min 15min or 5 min
We use 1 min, 3 mon, 5 min timeframes!
Charting timeframes video: th-cam.com/video/mATvj00Wld4/w-d-xo.html
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which is your criteria when chosing stocks in ur watchlist ?
Based on the premarket volume, % move, earnings and news!
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What candle sticks are you using or bars. And what tick?
We use 1 min, 3 min, 5 min tine frames! Please subscribe to see more educational content!
Market Wisdom by TraderTV Live thank you for Timely response I have been a sub for a few weeks now. This is first educational video I've saw. I'm definitely goi g to look through your archive. I want to personally thank you for making these videos and for live trading each week day. It means so much to us new traders. Thank you and I wish you and the crew all the success in the world.! - Jerry
How you pick stocks for day trading
Watch our Trade Prep video: th-cam.com/video/WV0QLYvw12E/w-d-xo.html
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This for swing trading as well right?
This is mainly oriented on scalping!
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Guys like you all but especially ShAN!!
Shawn is a star! Please subscribe to this channel to see Shawn and our next educational videos!
nice im going to half watch every morning till that becomes habit.
Sounds good! We love the approach, good luck on your trading path!
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Guys I noticed that most (small cap stocks - gappers) go up around 9:45 - 9:50 ( I havent looked at large caps so cant say the same about them) When typing "9:45 am strategy" in youtube there are all bunch of videos, but all are in Hindi. Would love if you could cover that topic in english!
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this is technically a bounce of of resistance but at this specific time frame!@@MoreTraderTVLive
What is your opinion on Etoro as a broker?
Shawn and Neal use the PPro8 Trading Platform. Learn more: dttw.com
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Market Wisdom by TraderTV Live I am asking for your opinion, not an advertisement.
how do you find (scan) for trending stocks?
We are doing research! SIGN UP FOR A FREE DAILY WATCHLIST --> watchlist.tradertv.live/
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@@MoreTraderTVLive Signed up, thank you! Would love to see more small caps on your watchlist!
Do u hold or trade
We day trade from 9:30 a.m. - 4 p.m. ET!
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are you looking at a five day chart?
We use 1 min, 3 min and 5 min charts! Join our live trading show everyday at 9 a.m. ET!
I scalp off the day with diversity in the markets
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Which state are you guys from? Because you guys pronounce "out" and "about" differently!
We are located in Canada, Toronto!
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It’s easier to explain selling the past than buying in on the present, no one wants to look bad .. that I understand.
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So it's possible to have trading/financial tutorials without the showcasing a Lambo or a yatch at the intro : )
Yes it is! Glad you noticed ; ) Our main goal is to share the knowledge and the experience!
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So... you're basically saying it's all random, and sometimes it goes up, sometimes it goes down? And sometimes a dip isn't a dip.
Ok
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