[Axrose]

Learnt a valuable lesson today, if we keep a close eye on nose diving charts as it was today, even then their is a money to be made, we have to make sure that company is in good shape and just taking a beating because of overall market sentiments.

We have to be very accurate to figure out where the bottom is and soon as it touches the bottom buy it

I guess their is an opportunity in companies that lost in region of 6% if they are in good shape

Please correct me if I am wrong

[mitsubishi]

Picking tops and bottoms as a beginner is a losing strategy.It's almost like spending money you thought was coming your way only to find a mistake has been made and the money isn't coming after all.
So you have got your thinking half right,ie you are trying to identify a possible bottom,but what you need next,before you can act is confirmation then you can act
Only 2 emotions in a market,greed and fear.You want to buy right at the bottom -that is greed,and you fear you will miss out if you don't act immediately.
Act when your theory appears to be confirmed and not before.Remember,the stronger the probability the better your chances.
Once in a winning trade hold until there is confirmation the market is turning again.
Always let the market tell you what to do.Trading or gambling- your choice.

[Axrose]

I think I have overstated my strategy or my words have taken on on literal meanings,
Any way this is how I look at things:
a. I have made a small portfolio of companies that I know well, which have good industrial background, which have strong and healthy books
B. Which have good and already proving strategy in markets specially in Emerging markets which are main source of growth for companies these days
C.I am watching their market movements for weeks before putting real money behind them, I am seeing their lows and highs specially in todays volatile situation when news from Greece and Italy are clearly visible in charts
D. The companies I look at have price fluctuations because of market sentiments not because of that individual company's performance

The bottom and top are set on daily basis, I set my own bottom and top based on my own calculation and trend evaluation and to act when it's reached

The starting objective is not to make big money but my strategy is not to loose money