It takes conviction to buy on dips... And that comes only from a trading method and money management. Otherwise, traders don't buy at heights because of fear of fall and they don't buy after falls because of fear of further fall. No end to that fear. They are sheep with a wish to be hunters called traders.
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Gambling with a system is better than gambling without a system. Gambling with money management is better than gambling without money management.
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What would you do, how would you trade if you have assured stumble on the way but assured recovery from that on the way to the target?
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Don't burn your peace of mind knowing how (the market is going to do what it hints it is going to do). just know what (it is going to do) and sit tight. The more you trust the market of your system, the more it rewards you.
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How will you trade if you were the operator? How will you trade if you were to get the money of others reading these lines? You'll surely not trade together. You'll surely have to play tricks like you do in cards being games. You will use bluff, fear, and greed. That's exactly what operators do. The more we acknowledge and understand that the more we profit by trading absolutely differently
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Technicals never emerge for the whole path in advance in detail. They gain the megapixels as time passes and the market progresses.
The day enough people know the game, operators will change the game
There are so many charts for the same technicals based on which time frame you choose. One of them is always showing you the right picture.
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