Loading ...depends on how you view RISK ! I have always looked for signs of change and never considered risk and my biggest gains have come from that …I just see something based on experience and ACT on it …that is the least risky thing to do .Watching a clear sign and not acting is very risky …There are no guarantees ..I think its called “courage” and then the Patience to stay until it reaches its full potential has led to almost all the better 10X gains iv had in 50 years of trading..Not everything works because Im mostly a bottom fisher and by definition Im going to have some wipeouts and some spectacular gains …..It just gets my juices going..some cant take the stress,I live with it without emotion ,most cant do that ! Thats the KEY..I have always found when emotions rule your behavior “Do the opposite” …Its all geared to take the most money from the most people exploiting their emotions .Some call it Courage ,others experience.
BTW ….this DOW is not “Bottom Fishing” by any definition .,! Look for things like GOLD ,BTC,after they crash ,even oil..! bottom fishing requires experience knowledge,Courage,Patience…
The last time bottom fishing in stocks (S&P)gave a real opportunity was 1975 and I rode them up until 1987 taking 20 % off each as it peaked because nobody knows where tops are….I bought many stocks at .50 and sold them at $50.00 only to watch them blow off at $80-90 in next three months .The biggest gains come in the later days of a bull Market as it blows off…Gold will do the same early gains might show 100 % gains and temptation to grab it will leave 90 % of investors out of the market as sold out bulls…and they will miss the 10 X 1000 % gains ,that I sure of because their emotions get them…