In previous articles, we discussed good ways to endure a downturn. Tiger @BenjiFuji mentioned that he/she wouldn't endure but celebrate, as it's finally a buying opportunity.
However, as an ordinary investor, I worry about buying at the beginning of a downtrend.
So how do you gain the courage to bottom fish?
Is it the power of belief we discussed yesterday?
We need to believe not only in ourselves but also in the stock or CEO turning things around. Some say, if you believe $Tesla Motors(TSLA)$ will ultimately solve FSD (Full Self-Driving), then any time is not a selling opportunity.
If you find it hard to believe in people, would you trust technical indicators?
Nowadays, many use AI for trading and build their own models. If a technical indicator or your model shows a buy signal, would you trust its rational judgment?
How do you get the courage to bottom fish?
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