It turned my whole year around to find my own answers to those
same questions -- I've learned I'm long biased so every chart looks
like its going up even the ones that are just the inverse of
whatever I'm looking at lol. I use Matt's $NAHL indicator and
add that COMPQ has to close > 0 three days in a row AND SPX has
to close > 200 DMA. That's my checklist. Until/unless that
happens, its the "bear market playbook" for me:
1) Look primarily for mean reversion trades instead of trend
following (like the systems do)
2) Take profits aggressively instead of letting things run
3) Keep a large cash position and stay hedged/market neutral
most of the time.
Also I chose 3 days in a row bc Matt has mentioned it can close
> 0 1-2 days in a row during a bear market, so 3 should be more
meaningful -- its also not a buy signal, just a mindset change for
me, the bull market playbook is basically the opposite of the
bear.
Would be really interesting to hear what strategies are working
for other others right now.
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It turned my whole year
Matt & Steve. What is your bear market to bull ...
Posted by simple_million on 1st of Aug 2022 at 04:57 pm
It turned my whole year around to find my own answers to those same questions -- I've learned I'm long biased so every chart looks like its going up even the ones that are just the inverse of whatever I'm looking at lol. I use Matt's $NAHL indicator and add that COMPQ has to close > 0 three days in a row AND SPX has to close > 200 DMA. That's my checklist. Until/unless that happens, its the "bear market playbook" for me:
1) Look primarily for mean reversion trades instead of trend following (like the systems do)
2) Take profits aggressively instead of letting things run
3) Keep a large cash position and stay hedged/market neutral most of the time.
Also I chose 3 days in a row bc Matt has mentioned it can close > 0 1-2 days in a row during a bear market, so 3 should be more meaningful -- its also not a buy signal, just a mindset change for me, the bull market playbook is basically the opposite of the bear.
Would be really interesting to hear what strategies are working for other others right now.