Are you looking at your investments based on last week's price or last month or last year? Is your investment on bullish or bearish pattern? In trading, we encounter BOTH patterns simultaneously in many occasions. The long-term may seem bullish so we have long-term position trades while the same stock may seem bearish in the 5-minute chart so we trade down or short the SAME stock in intraday grabbing the short-term nickels and dimes even while we keep an eye to adding to our long-term positions. How do you trade the same stock up AND down at the same time? Simple. You open multiple trading accounts so as not to dilute the trades.
Proper perspective in trading need to be applied in multiple timeframes. Let me rephrase that: apply perspective in ALL timeframes from 2-min, 5-min, 15-min, 30-min, 60-min, daily, weekly, monthly. We even look at yearly charts in case of gold. Those huge 12 individual bars provide excellent background. Unless you view trading in all timeframes and apply multiple strategies, Up Down and Sideways and divide your trading with those that provide income and those that build wealth, you will have a hard time discerning the real market moves. Some traders specialize and only trade certain timeframes yet... they still have to watch ALL timeframes for proper discernment. Multiple timeframe, multiple-directional technical trading is the only way to survive volatility or even sideways action. The rest is simply gambling.