Tq for the reply, bro and Happy New Year to you too,....
Yes, I understand exactly what you wrote,... and you are right too in your assumptions and in your points.
I have been watching some counters in The SGX, hoping for them to drop more for me to scoop up, but NO, they did not drop, BUT rose gradually instead,... I have to watch everyday,... it is indeed tiring,...
I can, of course, do a 'Good Till Cancelled' queue, but I am keeping my funds inside interest-earning accounts to maximise my passive income. I am not able to earn this interest if these funds are put up as queues awaiting strikes.
Hence, have to watch everyday, and like you said in one of your posts above, if I feel strongly that it is a bottom, I must buy - this is what I practise.
At the same time, I keep reading the news and updating myself with core subscriptions in order not to miss any news,... to detect for any changes in fundamentals towards a ctr that I am watching.
The market is on random walk in the short term. If you are confident with a stock and in for long haul, does it matter if you don't buy at the bottom? Alternatively, you could divide your buy over a few weeks period.