Things to remember when the market is bearish and trust me, these are the only things I personally follow during a bear market👇
- If you are going long/buying, you are taking a counter-trend trade be okay with the fact that you can be wrong.
-Bounces are mostly short-lived as long as the higher-timeframe structure is bearish.
- Breakouts will most likely turn into a fake-out.
- In bear markets, price usually goes down faster than it goes up.
- Support levels tend to break easily, while resistance becomes very strong.
- News that sounds bullish often gives only a temporary pump.
- Patience pays more than overtrading sometimes the best trade is no trade.
- Protecting capital is more important than trying to catch the exact bottom.
Bear markets are not for making fast money they are for staying alive until the next bull run.