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Buy low Sell high

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Hemant Chanchlani asked 5 years ago
Hi Pat. The mantra is buy low and sell high. But I want to know how to determine the low. When I buy after the stock has fallen, it falls the next day as well. But i have seen some traders catch the bottom for a swing and the stock rallies from there. How do they determine the low.  
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Avatar photoOwen Staff answered 5 years ago

Hi Hemant,
Pat made this video for you:

https://youtu.be/MM05DXs-9oI

Hemant Chanchlani replied 5 years ago

Thanks Pat for another great video. This was really helpful.

Your video mentioned a great point. Buy into strength.

Q1 – How do we determine strength?

Also, When the stock has been running up, people say that you should wait for a pull back for a buying opportunity or entry. Please tell me how do we determine entry point. I was watching a great stock $rng. After it reached all time, i waited for a pull back, when I entered, it dropped even lower. Now the stock is climbing back up.

Q2 – But Is there a way to determine a good entry point or a pull back.

Thank you.

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Avatar photoOwen Staff answered 5 years ago

Here is a great book list:

https://missionwinners.com/question/what-books-do-you-recommend/