How do I choose TSX stocks to buy on dip?

There are several factors to consider when choosing Canadian stocks to buy on dip. You'll need to assess why stock prices have fallen, whether there has been a wider market downturn or whether it has been focused on a specific sector, and when you expect the market to rebound. You'll then need to look at the fundamentals of individual companies, for example, calculating its cash flow or its price-to-earnings ratio. Alternatively, you could research ETFs and mutual funds that provide access to a basket of stocks and aim to track the performance of a specific index or sector.

How can I buy the dip in crypto?

The strategy of buying the dip is to invest in cryptocurrency during a market dip. The aim is to pick the crypto up at a discount in the hope that it will soon rebound to or even above its former price high. But the high volatility of cryptocurrencies, the difficulty of timing the market, and the potential for the crypto you buy to fall even further in value, mean buying the crypto dip comes with a very high level of risk.

Is buying the dip profitable?

Buying the dip has the potential to be a profitable strategy, but there's no guarantee of success. When done right, it allows you to invest in a stock at a discounted price, providing increased profits if that stock then rebounds to or above its previous value. But timing the market is also extremely difficult. There is also the risk that the value of the stock continues to fall, possibly all the way to zero, so you could lose money on your trade.