This is geared towards the more experienced guys - how would you rate trading the market the last six months or so - 1 being absolutely terrible to 10 being best ever?Talking about stocks.
The reason I ask is because after a few brutal months I've taken a break from trading.Starting around June the market seemed to change for me and I found my self totally clueless.I haven't traded for about sixty days,wondering if maybe I became over confident or if the conditions of the market may have had more to do with the problems.I suspect the former.
The best markets (for me) as a day to swing trader are volatile bull markets.
During low volatility bull market.. one can only buy and hold. Real bear markets become almost too volatile and risky to trade.
So my favorite market is a volatile bull market. These are the best markets for me or volatile sideways markets. I've been doing well but the market is starting to turn more truly bearish which concerns me and has start to hurt my performance.
I'm looking at the 1218ish area being the low for the rest of the year. I think if we break the recent (5-6 day lows) that things would get ugly real fast.
Really you have a few types suited to styles
Low volatility trending markets -> trend following
Range bound and higher volatility -> day and swing day trading
Super volatile markets -> day trading only
A bad day for a trend follower on a longer time frame is typically an opportunity day for a day trader.