Trading/investing into market dips in 2024

During bull ^(up) markets, market drops, pull-backs, dips, or whatever you want to call them, tend to behave opposite to the way pullbacks/dips behave during bear _(down) markets.

Dips are a shorter time-frame phenomenon in bull markets than in bear markets.

Dips occur in bull markets typically because people made money and decide to take profits. People on the sidelines then rush in at the opportunity to join the uptrend.

Dips are long in bear markets. Typically because people are on the sidelines scared to enter the market.

You do not have the same amount of time to get into an asset when things are moving up than you do when markets are moving down.

This is why I encouraged viewers not to grab my altcoin report after April.

And this is why Bitcoin only spent one day at 60k on March 19th.

So how does one trade/invest dips?

This is where having an idea where price will go, and being prepared to buy if/when price gets to that level comes into play.

This is the difference between the one who is serious and the one who is dabbling.

Lets take two premium newsletter subscribers as an example:

One sees the price projections for the month for an asset like Bitcoin and might think to themselves: “OK, Sama says 63k or 59k is possible for BTC in March. I’m bullish, I have cash to spare. Let me set an alert or a buy trigger in my trading app right now so that if price does go there while I’m asleep or something, I’m in the trade”.

Another sees the price projections, has a random, subjective, egoic-feeling experience of “I believe/don’t believe him!” and does nothing. Price then reaches a predicted target, and one is yet again filled with addictive, dopaminergic emotions of fear/greed, based on whether they believed/didn’t believe, and how much money they could have made/saved.

And they still do nothing.

One is here for entertainment, the other is here for an outcome.

Nothing is wrong (or right) with either intention. Both are welcome.

Which one are you?

-S