here's what jesse leivermore thought
I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up. I dont mean of course that in a bear market caused by a war, ammunition shares do not go up. I speak in a general sense. But the average man doesnt wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesnt even wish to have to think.
When I am bearish and I sell a stock, each sale must be at a lower level than the previous sale. When I am buying, the reverse is true. I must buy on a rising scale. I dont buy long stock on a scale down, I buy on a scale up.
Remember that stocks are never too high for you to begin buying or too low to begin selling. But after the initial transaction, dont make a second unless the first shows you a profit. Wait and watch.
trade safely my friend!