day trading in bear market?

Why is scalping bad in bear market
I thought it would be less risky than anything that requires holding any longer than few minutes/hours
Besides shorting is obviously no brainer in a bear market but i dont know how to do it yet or have the ability with cash account so that out of the question
I dont know enough about ETFs also
Trying to learn one thing at a time which is day trading or scalping. I tend to like those more than anything else
 
BKR88 said:
When in a downtrend, daytrade SDS, VXX or UVXY from the long side as they'll move opposite SPY/QQQ.
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Good way to make money;
i like to swingtrade that stuff/ SDS,SH,SPXS/SPXU[ except VXX,VIXY is so far form 52 week Hi seldom swing trade that stuff] SDS,SH is better than shorting \NEVER can get a margin call; but still have to use some sort of stop, due to bear markets only lasting a few months or a few years...................................................................................
SPLV, spxl UPRO, SPYG can work fine in an uptrend/ above 200dma which we are NOT in \LOL:D:D
ITs not that bear markets are rigged or manupilated\its panic sellers never win+ most new traders managed to sell somehow @ a bottom area, so funds have to sell.
Unless you are as wise as Carl Ichan + he had no gate on his hedge fund + got the money for panic sellers from another account/amazing long term performance on mr Ichan.:caution::caution::caution::caution::caution::caution:,:caution::caution::caution::caution::caution::caution::caution::caution:
 
Haha,there's a guy on youtube calls himself Zed Monopoly who's strategy is to find a stock that just released a good earnings report,either the night before or in pre-market,then buy that stock at the opening bell and close the trade 5 minutes later for a profit. Hey I guess it works until it doesn't LOL. I'm not a day-trader so I haven't researched said strategy.
 
tomkat22 said:
Haha,there's a guy on youtube calls himself Zed Monopoly who's strategy is to find a stock that just released a good earnings report,either the night before or in pre-market,then buy that stock at the opening bell and close the trade 5 minutes later for a profit. Hey I guess it works until it doesn't LOL. I'm not a day-trader so I haven't researched said strategy.
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There are so many fake guru's born from the Covid lockdown + GME frenzy days!

If you just did the inverse of what this clown does one day you'll be the one owning the lambo. :rolleyes:

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Been scalping over three decades. Ever since ES gotten above 3500, targets and risk expanded so it not as scalping for a few ticks but usually 8 ticks and risk 20 ticks. I can read charting well and speed of price so seldom be on hook for 20 tick loss. I also average down on each trade which I never recommend to anyone to do. I average 84 signals a day, longs and shorts and never know if market went up or down on the day. I figured out I have over 100,000 hours of screen time.

It all comes down to this for me now, no system is automated unless I have manually traded it six months and backtested min of 20,000 sample size of each signal then real work comes into play of analyzing the stats. No rush to trade it, can go play casino if I want to get rid of money.

Most people spend more time planning a vacation then designing a strategy.
 
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