for me I think I would prefer bottom fishing because purchase at a lower [USD] [USD] [USD] and also because am not rich like Uncle Buffett or Auntie Cathy or the Charismatic One where they have tons of [USD] [USD] [USD] to chase highs [Chuckle] [Chuckle] [Chuckle] both have its risk as of its low can go lower and if it's high may dive down drastically... have the experience before [Cry] [Cry] [Cry] know what it's like [Cry] [Cry] [Cry] therefore, need to control emotions and need to remind. myself this very important point - to go for good and established companies with proven track records and have survived through and through (solid rock foundation) [smile] [smile] [smile]
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Have you ever heard of the great paradox in the stock market? - Chasing Highs or Hunting Bottoms?
@MillionaireTiger：Welcome to Thursday Special! In the midst of a two-week rebound in the stock market, numerous stocks have soared to historic highs, exemplified by $Microsoft(MSFT)$ reaching $373.13, $Wal-Mart(WMT)$ at $169.94, and $Broadcom(AVGO)$ breaking records at $981.75. Whether you're a novice investor or a seasoned player in the market, a significant number of individual investors tend to favor buying stocks that have experienced a substantial pullback from their peak. This preference stems from the perception that seemingly cheaper stocks are safer or are closer to historical lows. Many individuals express reluctance to invest in stocks that are currently reaching new price highs. However, have you ever heard of the Great Paradox? It is one of the great paradoxes of the stock market that what seems too high usually goes higher and what seems too low usually goes lower. Speaking of "new highs," O'Neil introduces the concept of the "Great Paradox." In O'Neil's framework, if a stock breaks out from a valid price adjustment pattern, accompanied by increased trading volume and approaches or achieves a new price high, it might actually signal a buying opportunity. What's your take on this paradox? Do you prefer bottom-fishing or chasing highs? Let's spill the tea on your investment strategies!🌈✨ 🎁Prizes Comment Rewards: Tigers who leave valid insights with explanations in the comments section will receive Tiger Coins but don’t copy others’ homework hahaha. Editor's Pick Post Rewards: If you plan to share content over 500 characters, we strongly recommend selecting the "Also repost" button when posting a comment. This way, your content will have a chance to be selected as a "Picked Post" and receive a reward of 200 Tiger Coins automatically! In addition, if your post gains high popularity, there's also a chance to win US$15-25 voucher rewards in our weekly "Creator Incentive Program."
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