Timing is everything traders. We talk about this every day in our live trading rooms. People often fall in love with a stock that, even if it’s a good investment, the timing is so poor and they end up not getting nearly enough out of the trade as they should. Or worse, they end up losing money.
While "Buy the dip" has become somewhat of a meme lately, the truth is that dip buying is an elite skill in a traders toolbox. It lets you capitalize on overreactions in bears. After all, stocks tend to fall a lot quicker than they pump up. Dip buying lets you take advantage of this to get good postions in good stocks if you are smart.
Today we present such an opprotunity with MongoDB’s stock $MDB. Like many earnings results this year, the company gave less than stellar guidance which resulted in a dramatic move downward. The question is if this move is an overraction that you can capitalize on? Join us and find out.
Try our free 5 day trial today https://turbooptiontrading.com/2024/01/05/free-5-day-trial/
This is the TurboOptionTrading Youtube channel. We bring 35 years of market experience to our Youtube subscribers to show how to make money with daytrading. Join us as we do technical analysis, go over options strategies, examine market trends, identify setups and more.
Want to join the Turbo Option community and get even more hot stock picks? Visit turbooptiontrading.com. Turbo Option Trading is for traders of all experience levels from beginners to advanced market participants. We offer educational videos, one-on-one mentorship, a live trading room and even trading capital funded accounts for qualified users.
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