BEAR MARKET PROOF STRATEGY
Jun 16, 2022We are officially on the bear market, after having months of pullback on the SPY and seeing the effect on long term investments, they are officially calling it a bear market.
What is a bear market?
A bear market is a term used by Wall Street when an index such as the Standard & Poor’s 500, the Dow Jones industrial average, or even an individual stock, has fallen 20% or more from a recent high for a sustained period of time from Investopendia.com.
No matter market conditions a day trader faces with a solid strategy, psychology and risk management, we can still profit from this market. Not a home run trade today but stopped trading in the morning since SPY had been on a tight range and affecting most of the stocks, thus not giving a follow-through trade.
Strategy used: VWAP play
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