Are Traders Programed To Buy Dips? – Investing.com

Are Traders Programed To Buy Dips? – Investing.com

With the pandemic came a wave of new retail traders.

Using apps that make trading as easy as swiping up on a phone to execute an order, millennials and more jumped on the bull train after the initial market selloff.

This rapid bullish trend has made dip-buying (buying an upward trending stock that has made a quick decline in price) a preferred entry method among new traders.