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RE: Should You Buy Stocks On The Pullbacks?
I love to trade dead cat bounces, but I always have a stop in place in case the knife keeps on falling. And I always have a price target so that I never overstay my welcome and get greedy.
I never let myself get upset about missing any upside as long as I kept myself disciplined and acted according to a good plan.
I identify sound investments then make ridiculously low bids and wait for the prices to fall so that my bids can be effected. Then I hold until I need to liquidate.
This way I save time and broker fees, and probably make more than I would day trading.