I prefer left side trading😁
I usually trade left side because I like to time the good entry point for better reward and sell it before price turn around.
However as you can see from my trade on this daily chart $iShares Bitcoin Trust (IBIT.US)$ , price keep going down after I bought it.
It finally touched bottom after 2weeks and rebounded. I sold it before price reach the peak.
Strictly control your position risk if you want to trade left side.
For long term investment , If stock fundamental is strong and undervalued, DCA to lower your cost and have patience to wait for change of market sentiment. But if stock fundamental is going bad, take stop loss immediately.
I like to use MA and RSI to determine support and resistance.
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