52 week highs and all time highs strategy

Hi Hitesh Sir
M a religious follower of ur post since joining VP and u r like a mentor for me as i m highly influenced from u bec my style matches with u as me too pursue techno funda with mild concentrated approach.

Regarding price action and particularly in this thread of 52 Week / ATH , I have few queries which i was thinking to ask you from a long.

1. As i observed in case of price action, mostly (90%) there are breakout traders who want to play post breakout run ups in anticipation of huge returns and hardly i come across reversal traders who play reversal near 52 Week low / lifetime low in anticipation to ride the full trend from Lifetime low to previous ATH. Why so ?

2. I myself is a reversal trader who is comfortable in 52W/lifetime low reversal with a view of few months to 1 year trade time with good qty with a goal to make good returns without much headache.

3. Rationale for point no. 2 is that, breakout reliability needs a booming bull mkt in overall mkt, that stock sector and that particular stock.

Even after that breakout is not so reliable method as its has huge fluctuations on both sides and a person who is not well versed to digest such fluctuations due to low risk profile/mental strength / financial liberty etc etc finds him not so comfortable in this situation.

Also, when the breakout will convert in top is almost uncertain.
If breakout turns in top and we are not lucky, it may result in forced investing for a good amount of time. (1.5~2 years as per my experience) which is again a slow poision for many low risk profile trader/investor.

4. Long duration Reversal/52week low play is relatively low fluctuation game as the price is already discounting the worst case scenerio.

Even if overall mkt / sector turns out bad, the variation in reversal is not so high as in case of breakout.

So the gyrations can be managed well from a risk reward point of view.
And if a new low leg has to start again, we can easily exit as we know we r playing reversal which will take much time and gradual process comapared to breakout which is more an adrenaline kind of rush scenerio.

5. My practical experience says that breakout creates more forced investors when the tide turns suddenly from the high to low side compared to reversal untill one has not commanded it with perfection after years of practice / experience.

6. Plz enlighten with ur wisdom as i have not come across many reversal traders on whatsapp/telegram/youtube and other knowledge sharing platforms.

7. Plz guide how to refine and perfect long duration reversal trading /investing . What are do’s and dont’s to make decent amount through reversal in a full time job with minimal affecting mental / physical health as a side income part time job

Thanks
Kamlesh