A friend asked why don't you bet on the bounce?
Today is the reason I don't on the bounce.
I bet on the drop and I short any unexpected bounce if/ when it happens.
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Unfortunately everything is a fake out, I'm expecting new 52 week lows within 30 days
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Agreed. It's so obvious between MAs and trend, price and volume.. Play the trend and sit out the counter trends to maximize R:R. Makes timing a million times easier.
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Easier to bet on bounces when you have a buy signal over a sell signal especially in a bear market .
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