The phrase "buying the dip" is frequently used by both traders and investors, and refers to the practice of buying an asset after its price has decreased. The idea is that the temporary reduction in price presents a buying opportunity before the asset continues its upward movement.
It's important to note that this approach should only be used when the asset is in an overall uptrend, and not when it's in a confirmed downtrend or bear market.
Dec 14, 2023