Financial market legend and 19th-century banker Nathan Rothschild once allegedly declared...
"The time to buy is when there's blood in the streets."
As the story goes, Rothschild used this contrarian approach to amass a fortune.
The best quote ever said when it comes to making trades . Indeed the best time to buy is when everything is red and all people are panic selling.
I've been trading for a while and I've noticed everytimes I buy during the bull run ,It almost always goes down and even if I make profits it wouldn't be that much. However when you buy during the beartrend you will easily double or tripple the amount of you put it in a very short periode of time .
So yeah "be greedy when others are fearful" warren buffett.