Plenty of financial traders talk about buying low and selling high. But how many actually hit the "buy" button when the going gets tough? It's certainly easy to say you're applying Warren Buffett-style principles, but it's much harder to actually do it.

With earnings season underway, there are "blood in the streets" opportunities for bona fide contrarians, and you don't need a Buffett-sized account to get involved. If you know where to look, you can actually find basement bargains representing solid companies for $20 or less among the wreckage of October's earnings releases.

Just don't expect to have the support of Wall Street analysts or self-proclaimed social media gurus, as zigging when others zag can be a lonely journey, albeit eventually a profitable one.

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Source Fool.com