Three tips I use when buying dips:

1. You need to have a plan. Having a plan for each stock you enter is always wise. Find trades that can give you atleast triple what you’re planning to risk. Know when you want to sell your shares if the dip turns into a downturn. Once you reach your level, sell! Sell your entire position immediately.

2. Support. Seek support. You can see this on a chart when a stock pulls back to a price before trading range or its previous low, or a pullback to a key moving average within an uptrend. If in an area of recent support you see higher lows are in place, it means people are watching and the stock should stay afloat.

3. Enter and exit in pieces. You don’t need to go all the way in on a dip. Partial buys as a stock returns to support zone are best. This way if the pull back continues you won’t be ripping your hair out. If you see the stock with buying interest after a partial buy, you can start buying more. Once you see others have invested with you, take a chunk and sell off a little. Get out in pieces just the way you got in.