Buying decreasing prices is super easy. Buying into an uptrend is the most challenging part of trading. I literally cannot do it. How do you psychologically do it?
Easy. Buy as a stock breaks above resistance and look at those charts. I dont like buying parabolic moves, although I somethimes do, I like steady moves up.
The majority of my buys are at new highs. There is no one trapped above me waiting to get out at break-even. Stocks that become ten baggers make a lot of new highs.
buy and set tight stops if you can't handle a big loss. That's what the trend following gurus recommend, anyway.
like this, after a really strong breakout, you can buy high its fine.. here's a trade i took of nio from last thursday
Because I'm short calls and need to buys shares to reduce my delta. That's one way to adjust a position.
LEGITIMATE question: how do you buy when price is rising? -You don't. You wait. UNLESS you psychologically convince yourself that the price will rise even higher after you buy. That's the only way.