I have a method.Pretty much a progressive inverted...

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    I have a method.
    Pretty much a progressive inverted dip-buying.
    .
    1. Divide trading funds into about 4 lots.
    2. Buy around the peak of a strong up-day.
    3. If it goes up significantly again... do it again.
    4. Sell on a solid drop.
    5. If it still goes up again, buy more.
    6. Rinse.
    7. Repeat.
    .
    I pay attention to resistance and support levels,
    and STOCHRSI level (0 oversold to 100 overbought).
    Investing.com is handy:
    https://au.investing.com/indices/aus-200-technical
    .
    So for instance today I placed a sell order @ $7.99,
    having calculated that would be about where the 20 day EMA would line up, as support.
    ASX200 actually went a little lower than that, but then came back up.
    .
    But if you're looking to simply buy, hold and ride it down...
    the ASX200 is technically holding an uptrend (just) with 6116, sitting above 20 EMA @ 6094.
    .
    So it's still anyone's game...
    .
    Last edited by DmitriMA: 26/08/20
 
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