ok now imagine you filled at 1195 and it went on crashing to $300 and stayed there. draw a graph explaining how you guarded your money then?
+1 to this.
Anyone who thinks that an attempt to call the bottom is NOT putting their money at risk is delusional. Almost every trade that has a predetermine short term outlook, such as buying a dip and expecting a flying bounce or "miring" to get out, is putting money at risk for a short term reward.
You either invest for the long term, or you take on huge risk day trading to get many short term big rewards with big risks. There is no magic formula, no matter how many "after the fact" charts you post.
-Mike