Buy The Dip SP500_2HR VIP Discord Bot Alerts

[Hoinar]

I see on Discord alerts these entries from bot about stocks being added to SP500_2HR can somebody share more info on these alerts? Thanks

 

[MerryDay]

I see on Discord alerts these entries from bot about stocks being added to SP500_2HR can somebody share more info on these alerts? Thanks

The VIP discord bot provides alerts from the Buy The Dip scanner:
https://usethinkscript.com/threads/buy-the-dip-scanner.12741/

The SP500-2HR alerts are telling you that the scan is limited to the S&P500

This is because it is never a good idea to scan the whole universe of stocks.
There are MANY dogs out there.

Standard precepts recommend that you only trade on a small corral of highly liquid ETFs, stocks, & options.
That you understand well.

If you don't have your own list. The S&P500, the Russell 1000, the Market Maker Movers are all available in the scan-in field.

This particular bot alerts on the 2-hr timeframe.
Regardless of whether you are a scalper, swinger, or daytrader.
It is recommended that you find your trends and trend reversals on higher-timeframes.
Generally, not below the 2-hr.

Attempting to identify the overall trend and it's reversals on lower timeframes is a bit like the blind men and the elephant.

It is not possible to see the complete big picture.


Buying dips is one of the oldest and successful stock strategies available.
But there are critical steps that many newer traders are not always aware of.
Find out more here:
https://usethinkscript.com/threads/hello-help-buying-the-dip.7946/page-3#post-121264