Bear Market.....

Originally posted by wan2BTrader

I'm thinking ... if I can survive my first year in such a market, I will have a high probability to make it a trader.
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Exactly...
 
From my own relatively limited experience (10 months of trading) I beleive the biggest challenge facing a new trader is not to get stuck only playing the market in one direction. As a product of the bear market my trading has been on the short side - I beleive this is only natural as that has been the overall trend.

Now for the life of me I cannot bring myself to go long, I also realize this will be severely detrimental to my trading progress ! Even though I can (at times) recognize decent long risk/reward setups I don't have the conviction to enter the trades.

I imagine this is also true for any failed traders of the late nineties that refused to adapt to the new market conditions.
 
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