The bottom-buying strategy is the cornerstone of any successful trader; when the market experiences a sharp decline and asset prices hit their lowest, a valuable opportunity opens up for you to enter trades at an enticing price that allows you to achieve significant profits when the market rebounds. But do not be deceived by the drop—purchases must be calculated within a comprehensive risk management plan, with a fixed risk ratio (1-2% of capital per trade) and pre-determined stop-loss and take-profit points.
After seizing the opportunity at the bottom, patience comes into play: trading is not a race to take advantage of any short-term movement, but a journey that extends over the duration you deem appropriate. Choose your time frame based on your style (#MyTradingStyle): a day trader for quick gains, a swing trader to hold positions for days, or a long-term investor based on strong fundamentals.
To enhance your decisions, use technical analysis tools—such as charts and indicators (MACD,