Buying the dip strategy avoiding FOMO
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Buying the dip strategy avoiding FOMO

Buying the dip strategy avoiding FOMO

When you start to see a dip say 5%+ buy 1/2 or 1/4 what you would buy if it were to drop 15-20%. If it drops to what you feel is a “bottom” buy the other 1/2 or 3/4. If the price drops you don’t get the full value of the “dip” but you did get a decent buy out of it.

If the price does not dip below the 5% range and it bounces back, you just made 5%.

I have been monitoring on a daily basis for the % change.

Example: Last night I get my notification BTC is down 5% I bought a small amount to hedge if the price did not drop, and today it’s back up that 5% + another 3%.

If the price would have dropped say 5% lower today I would have evaluated and watched for it to go past 10% or back towards 5%. I would then either do the same thing buy 1/2 or 1/4 what I would buy if it drops another ~15% – rinse and repeat….

Am I missing something or is this a good strategy? Also I’m not talking huge amounts of BTC, I’m talking at most a few hundred USD.

I don’t think I will get rich doing this, but if you are having fomo or want to put more in but are waiting for the right time isn’t this a good way to do so?

submitted by /u/Bwrobes
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