Nobody can time the stock market. Stock investing is about consistency and sticking to a strategy. No matter how hard you try, you cannot tell when a stock hits its lowest low to make it a good time to buy. What you can do is to continue buying a stock as long as it is not considered overvalued.
If you are just starting with stock investing, the very first thing you should know is that you cannot time the market. Also, you never lose money until you sell. A lot of people give in fear and make mistakes that may regret later on. As long as a company has a good balance sheet, there is no genuine reason to sell.
The most important part of stock investing is not becoming fearful when the market drops. There are a lot of stories of people that sold their holdings when the market dropped in march 2020 only to regret the decision when the market recovered a couple of months later. One Reddit story of a father states his regret losing $300,000 by selling at the wrong time and not waiting for the market to recover. This was his biggest mistake in his stock investing carrier as according to him, the gains lost would have paid for college for his two daughters.
There is a lesson to be learned from the tragic stories of people that liquidated their holdings. Stock investing is all about analyzing companies and buying stock to hold it in the long run. Charts and stock volatility do not tell the complete story. Even if a stock price may collapse due to economic conditions, the underlying business may still do well and stock price recovery is not a matter of “if” but a matter of “when”. In any successful stock investing strategy, the core idea is the same. Time and patience will always return the biggest rewards.