True courage is never about being bearish after a decline or bullish only after a rise; at best, it's what you might call a "front-running player." What is even more scarce in trading is the ability to see structural changes during a downtrend, to smell opportunity when panic is spreading. According to Dow Theory, trend reversals often occur after emotional collapse; from wave structure analysis, real opportunities usually appear at the end of corrective waves, not when everyone’s emotions are warming up and prices are soaring. By the time the market seems "safe," the risk-reward ratio has often already been largely taken by the market. Being able to gradually shift to a bullish stance during a decline is not blind optimism but a comprehensive judgment of structure, cycles, and human nature. This requires wisdom, and even more, the courage to bet in solitude.

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