This seems true.
Discussion
How else would they buy back in lower
Well, good point. Can't buy lower, which no one ever does, unless you sell higher.
People do it. Many cases. Not a game I personally play at this point in my journey.
I don't know anyone who has made a living out of it. I've done it twice, but it was unintentional timing not because I am smart.
Most success stories I’ve heard use it as a hedging strategy. You have to have a decent position to begin with and some other way of making money to be successful generally, since you’ll otherwise be overly emotionally invested in short term outcomes.
Correct it’s not about making money it’s about not losing money. You don’t even need to buy back lower so to speak, you buy back when the trend become bullish again.
True. Again I don’t personally use these strategies although I felt their pull. I’m in “wait and see” mode for 2026.
These strategies to be effective need to be planned for before the trend changes. You need to know in a bull market what your strategy is if the trend turns bearish. It should be an emotional knee jerk decision that’s how ppl get rekt. And vice versa you need to know in a bear market what you will do when the trend become bullish again.
*shouldnt be*