Then I'm back to day one, looking to buy. You find that usually there is not enough of a case to stop and reverse. I just sell and take profits. I find that to be the highest percentage. I know that I can lock it in, put it in my pocket.
Prices decline one day and the locals cover their positions.
The market finds support at some point, even if just a little. What I want to do is buy the test of that support, which the market usually gives you. The market makes a V -bottom only a minority of the time. Most of the time it makes a W -bottom, or multiple tests, sometimes with higher and sometimes with lower bottoms. You get a test, or at least a sideways ledge or consolidation.