Key reversal bar in today, page-24

Haha c'mon Charts don't get me started, I'm gonna have to vent now!

Buying during an ugly down trend just because you "believe" it can't possibly go any lower, and then watching as it continues to fall is paying a premium. And being trapped in a falling stock and not being able to use those funds elsewhere is paying double that premium. Averaging down during a downtrend just to see your average buy price lower is paying triple that premium.

Why not just wait for a little confirmation before jumping in with a straight out punt on gut feel? Even a little bit of effort will both lower your risk and increase the rewards. Yes you'll pay more than the perfect entry, but the premium you pay will be much less than compared to the above. And the better you get at it, the closer you'll consistently get to better buying points. And why not use the funds you were about to pour in to average down on a stock that is actually looking healthier?

Yes I'll happily pay a little bit more than the bottom if it's at a point that increases the chances of green rather than red.

And not that it really matters to this banter, but todays bar does NOT meet the definition of a Key Reversal Bar, which needs to be an outside bar- open lower than previous day low and close above previous day high, and therefore is NOT a Key Reversal Bar.