A desire to trade profitably using a comprehensive step by step stock trading strategy
Access to basic charting software
In this course I will teach you Step by Step how to apply the Deep Dip Buy Stock Trading Strategy to your trading.
The Deep Dip Buy Stock Trading Strategy is a Low Risk/High Reward Set Up that can be used in Swing Trading or Day Trading.
The Deep Dips Buy Stock Trading Strategy as the name implies set ups when certain Stocks or Stock Indexes have had a significant down move towards the 200 SMA, 250 SMA or the 30 RSI level.
The 200 SMA, the 250 SMA and the 30 RSI level are some of the most widely watched levels by large financial institutions and experienced traders and investors.
Large financial institution are interested in these levels as they offer a great Risk to Reward Ratio. If the price closes below these levels they quickly get out for a small loss. If they are right and the price moves up they have the potential for a large win.
The most important part of trading regardless of approach is Risk to Reward. You must always identify strong legitimate support levels where you know that buyers will be coming in. If you are wrong and the price level is lost then get out quickly for a small loss and if you are right and the price level holds then you have the potential for a large gain.
The 200 SMA, the 250 SMA and the 30 RSI reading all give you a great Risk to Reward and legitimate levels to plan your trade around.
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