The rally in 2008 last for more than 3-4 months, if you are decent smart, you should make ton of money to ride it up, and ride it down after that.
The worst part of trading is that you know you are in wrong side, but become defensive and keep on holding the loser.
Not sure what is your motive ?
Are you using the similar trick as the small bicycle ? keep on calling the bear, and you will be "right" in one day in future as market will down eventually..
For the time being, the bull is taking control.
Those group of buyers are normally will hold the position for a relative long time, they will go long until they get hit by another big tank event ( Greek default type?).
The fake bull in 2009 last for nearly 3 months, and the market that time edge higher almost daily after the QE :eek:
My guess:
The market will move from today's low to close higher( not surprise it even land in positive territory ). Tomorrow and next week the market will go higher and higher again.
The reason behind is those black eye losers(those hedge fund who loss big recently) and herd(classic stupid...
Most of those modern bucket shops are snake oil shop. The spread is much expensive than your normal broker service (which further reduce your chance to win), also, the trade execution from their platform are full of scum. :D
++1
To all the elite super smart traders, it is time to find edge, let start with head and shoulder, RSI, doji candlestick, 50MA cross 100MA..anymore those BS indicator ?
You can open two accounts, each with 6K and trade the first 3 days using the first account, and another 3 days using another account.
To be honest, anyone has so tiny capital (< 12K) should NOT day trade. This amatuer group are definitely the main target for the broker and some snake oil...
What Buffet did is not easy, you have to hold on your personal believe for a long time (definitely not 14 months as some begineer here claim :D ) and withstand all the criticis from the people from"Elite" Trader.
Technical Analysics will work, but not using the standard out of shelf package...
Finally a real Holy Grail appear.
The only problem (biggest problem) is that you don't know when your strategy begin not to work .. or when it begin to work again.