Object of stock trading is to Buy at the bottom/Sell at the top.
Most importantly controlling your downside risk by using 10% stop losses.
Don't want to buy a stock just because 52 week high was $100 and it's $10.00 now without a 10% stop loss. If it fall to $5.00. You lose 50%.
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Important things a trader need to know about trading in this market.
1) This is a short term trading market. There is still risk.
Whether you are day trading long/short, Trading the Market indexes, Playing options etc.
Good chance we are NOT at a bottom so it's not buy and hold.