{"id":3647,"date":"2010-02-04T21:30:50","date_gmt":"2010-02-05T02:30:50","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=3647"},"modified":"2023-08-01T20:40:16","modified_gmt":"2023-08-02T00:40:16","slug":"what-type-of-market-are-we-in","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/what-type-of-market-are-we-in","title":{"rendered":"What Type of Market Are We In?"},"content":{"rendered":"

We are in a downtrending market! \u00a0What? \u00a0We are in a downtrending market!! What? downtrend!!!!!! What does this mean for short term traders?<\/p>\n

    \n
  1. Short stocks if they pop to previous support levels<\/li>\n
  2. If the market trends up for two days then pray for a third day gap up so you can short the market!!<\/li>\n
  3. Trade with less size as downtrending markets tend to be more volatile<\/li>\n
  4. Be mentally prepared for the market to meltdown at any time. \u00a0See traderfeed.blogspot.com<\/a> on an excellent post on what to look for.<\/li>\n
  5. If the market gaps down and there is a feeble attempt at a bounce on the Open then put your short caps on.<\/li>\n
  6. Remember that stocks go down more quickly than they go up. \u00a0Take a deep breath when your shorts start working and give them some room to trade lower<\/li>\n
  7. If a stock makes a hard down move on volume wait for it to pop a little before initiating a short position<\/li>\n
  8. Don’t fade down moves. Fade up moves!!<\/li>\n
  9. Remember that in a weak market we don’t need to have a down day every single day. \u00a0If we have two hard down days in a row be careful with your shorts on the third day. \u00a0This isn’t September 2008. \u00a0The market isn’t gonna drop 20% in a week<\/li>\n
  10. It is OK to trade on the long side in a downtrending market. \u00a0We certainly trade on the short side when the market is trending up. \u00a0You just need to understand that the bigger chops are gonna be on the short side. i.e. AMZN 124.50 to 114, AAPL 202 to 190, GS 171 to 158. \u00a0These moves all happened intraday. \u00a0Correct. \u00a0They weren’t swing trades. \u00a0I guess you could call them intraday swing trades \ud83d\ude42<\/li>\n<\/ol>\n

    Good luck with your trading tomorrow!<\/p>\n","protected":false},"excerpt":{"rendered":"

    We are in a downtrending market! \u00a0What? \u00a0We are in a downtrending market!! What? downtrend!!!!!! What does this mean for short term traders? Short stocks if they pop to previous support levels If the market trends up for two days then pray for a third day gap up so you can short the market!! Trade with less size as downtrending … Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,8,15],"tags":[533,570,151,526,620,621,489],"class_list":["post-3647","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","category-steven_spencer_steves_blogs","category-trading_theory","tag-are","tag-in","tag-market","tag-of","tag-type","tag-we","tag-what","no-post-thumbnail"],"yoast_head":"\nWhat Type of Market Are We In? | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/what-type-of-market-are-we-in\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What Type of Market Are We In? | SMB Training\" \/>\n<meta property=\"og:description\" content=\"We are in a downtrending market! \u00a0What? \u00a0We are in a downtrending market!! 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