How to adjust to market conditions
Different setups and tactics work in different markets. As traders and investors, our job is to adapt to any significant change in the market environment. Bull markets last long enough to condition people to buy every dip. Then when the inevitable correction comes, many get hurt and lose a lot of what they made during the uptrend. Corrections last long enough to condition traders to take quick profits because if we don’t, they tend to disappear quickly. When the new uptrend begins, we have to condition ourselves to stay with our winners longer.
Here are some of the trade ideas I shared with subscribers last week: