People on this app spend so much time trying to call the perfect bottom
When the truth is that calling the exact moment when a new uptrend starts is almost impossible
That kind of thing only happens rarely, when multiple variables align
Otherwise it's guesswork at best, and the kind of thing that only becomes "obvious in hindsight"
And even if you do catch the bottom, can you execute that trade with size? Conviction? Can you hold it? The answer for most people is no, because those key variables have not yet aligned
Longing inflection points can be super profitable, but too many guys assume this means you need to long every red candle that comes your way
Instead you should to wait for confirmation of the reversal and only then enter with defined risk and great R/R
No one cares if you snipe the perfect bottom
Only thing you should be focused on is making money
And most of that happens once the new bullish trend has actually formed
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People on this app spend so much time trying to call the perfect bottom
When the truth is that calling the exact moment when a new uptrend starts is almost impossible
That kind of thing only happens rarely, when multiple variables align
Otherwise it's guesswork at best, and the kind of thing that only becomes "obvious in hindsight"
And even if you do catch the bottom, can you execute that trade with size? Conviction? Can you hold it? The answer for most people is no, because those key variables have not yet aligned
Longing inflection points can be super profitable, but too many guys assume this means you need to long every red candle that comes your way
Instead you should to wait for confirmation of the reversal and only then enter with defined risk and great R/R
No one cares if you snipe the perfect bottom
Only thing you should be focused on is making money
And most of that happens once the new bullish trend has actually formed