There are three opportunities in trading - uptrend, range (sideway) and downtrend.
The most common method of making money is buying on the uptrend like most folks do when they bought into the S&P500 index - simply buy and hold. That is for long term.
But as many bear camps are saying the recession is coming, the market is going to crash and the media sensationalise it every now and then, it is not easy to go against the trend. Question is when it comes not will it comes, will you be ready ? Will you psychologically know what to do ?
If your answer is not a resounding yes, then perhaps you want to take every opportunities to learn and short sell. Go small, practise a lot and take frequent profits so that you are motivated. When the grand finale comes, you can reap the golden harvest.
Until then, enjoy the ride down.....
The most common method of making money is buying on the uptrend like most folks do when they bought into the S&P500 index - simply buy and hold. That is for long term.
But as many bear camps are saying the recession is coming, the market is going to crash and the media sensationalise it every now and then, it is not easy to go against the trend. Question is when it comes not will it comes, will you be ready ? Will you psychologically know what to do ?
If your answer is not a resounding yes, then perhaps you want to take every opportunities to learn and short sell. Go small, practise a lot and take frequent profits so that you are motivated. When the grand finale comes, you can reap the golden harvest.
Until then, enjoy the ride down.....
Comment:
Nice, those who shorted this stock, raise your hand, haha. Glory to God for blessing us with so many good trade setups !