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#RetracementAddition #InvestopediaCliffNotes So I saved the best for last again this week. To be honest I had never heard about Retracement Addition until doing the video for #BullMarket . With that said, turns I was this years old when I learned about what my investing style was actually called 🤯 The Breakdown: - An investment strategy that is buy and hold w/ a splash of buy the little dip but don't accidentally buy during the big dip - "Retracements are not the same as reversals - with the latter, the price of the security must breach support or resistance levels" - Investopedia How do you spot Retracements: - This honestly is not an easy task and the big mistake would be to buy what you think is. a retracement ... when in fact it is a reversal - In the graph below you can essentially a best fit line w/ small dips - those are retracements What should I know about Retracement Addition before investing: - It is important to know the difference between retracement and reversal as retracement is a small, temporary pullback within a continued upward trend - "What is key is that the stock does not breach a critical level of support or resistance nor breach the uptrend or downtrend." -Investopedia What are the downsides to Retracement Additions: - At the risk of sounding like a broken record ... don't accidentally buy during a reversal - Worst case scenario if it was the $VOO and you bought during a reversal ... chances are you will be find buying and holding for the 20+ timeline Resources: Investopedia / Video: https://www.youtube.com/watch?v=bLqK0c4MEt0 P.S: Just a heads up tomorrow's #SaturdaySchool will be on Spousal IRA. If you have a better half it is important that both of you are on the same page for what financial freedom looks life for your family! #TheMoreYouKnow #GrowthNotGreed #FeedYourBrain #TGIF
Jun 3 - Sep 3, 2021
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