This is an excellent way to invest/trade, I did that for 44 years, and best to do after sharp drops using monthly charts and only dividend stocks. And sell puts. Only reason I stopped is more consistentcy in options and commodities for me.
Someone die in a car wreck? It did not work out so well for him. Someone die in a airplane crash? It did not work out so well for him. Someone shit their pants? It did not work out so well for him. Someone invest in Enron? It did not work out so well for him. Someone has no skills to trade? It did not work out so well for him. Someone DES' perate trolling for clients? I guess it works well for THEY.