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Where I would not buy the dip so the stock has already sold off down to volume weight average price Vwap. Sometimes I like doing a bounce off Vwap and this stock did bounce off Vwap but only a little bit. and then what does it do? It goes back down. It halts down as it breaks through Vwap.

So on resumption from this halt down am I looking to buy the dip, the answer is no, it's below Vwap, it's on the back side of the move. This just has a lot of weakness in it. I would no longer be interested unless it hold over Vwap and so what happens? Predictably it continues to sell off after the resumption. This is not a spot to buy the D.


8 thoughts on “Do not buy this dip”
  1. Avataaar/Circle Created with python_avatars @BlaziNTrades says:

    Why not play it short?

  2. Avataaar/Circle Created with python_avatars @obedramirez2891 says:

    That play happened today 10/13

  3. Avataaar/Circle Created with python_avatars @vincent_official9849 says:

    Did you play tpst yesterday and today?? I bought in yesterday and sold it 300%gain but damn went like 4000% today. 🤦 woke up late but I bought in at $5, I knows it’s not done, let’s see tmr

  4. Avataaar/Circle Created with python_avatars @ICTKidInTheFUTURES says:

    Your trading strategy is simply load up with huge monster shares on a 1min pullback after a breakout (hoping to not get liquidated) and to scalp a few cents

  5. Avataaar/Circle Created with python_avatars @jsomethingorother2463 says:

    Just getting into day trading and watching your videos.. would this be a good point to buy a sell to possibly make money as it goes down?

  6. Avataaar/Circle Created with python_avatars @dsa9786 says:

    I just ran into this..(AMC) then i started to short it, and when it touched the bottom i long it, it turns out fine

  7. Avataaar/Circle Created with python_avatars @Kvir2222 says:

    It looks like the 2nd pull back

  8. Avataaar/Circle Created with python_avatars @dannymilner8716 says:

    I call that the buzzard. If you rely on MACD which I no longer do you can watch the MACD and the first drop forms the first wing to the body. If on the take off the right wing(facing doesn’t surpass the height of the left wing the MACD will begin to show a lowering wing and as you pointed out that’s never a good sign. It always produces large drops…always. I have no clue how many times and how much money I lost learning that for myself. The buzzard though is the sure sign of a dying trade.

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