? Buying the F'n Dip in ARKK

Hello trader, When there is blood in the streets, that can present some of the best trading opportunities….. Why? Well, due to the amount of money printing by central banks and the amount of cash sitting on the sidelines, there is an inherent bid in the market from pension funds, institutions, and retail. We've seen this time and time again since the Covid crash. In addition, algo's are programmed to buy the dip. Why? Because more often than not, it works. However, as an experienced day trader, I don't just blindly buy stocks when the market is down. I need to get my timing right, and that requires skill and patience to find great risk/reward setups. I wanted to get long the market and some oversold stocks on Tuesday, and I decided that the best way to express this trade idea was by getting long the ARK Innovation ETF (ARKK). Here's How I traded it:

Now here is the reasoning behind my trade decision in ARKK: Continue reading….

Jeff Bishop

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