Is the market in an uptrend now??

[Redneck]

Quote from Lucrum:

In what time frame?

OP,

Here’s a novel idea

Go long – if you’ve lost money when you exit – then you know for certain – at lease in that one

Next ones are some of the highest odds trades they are…



(for those of you wondering…, nope I’m not dogging Lucrum)

RN

 

[Rimping]

Quote from jayre:

Should I go long the market or short? Was it a dad cat bounce or a reversal?

As I read somewhere and I think it is quite true: to make money in the markets it is not necessary to know what the market is going to do, you only have to know always what YOU are going to do.

 

[Rimping]

Quote from kut2k2:

You're confused. Trend traders aren't predictors, counter-trend traders are. Ask the guys who are always trying to pick tops and bottoms; they're the crystal ball crowd.

I think you are right. Selling into rallies and buying corrections is not really trendtrading also.
The disadvantage of this method is that the best trends you don't get into because you don't get the opportunity. And when the trend turns you are sure to get in on the wrong side.