Profit from trading the downtrend by selling at the right timing – S&P 500 day trading [Video]
|There's an old saying that “a bull walks up the steps while a bear jumps out of the window. In general, the bear market or simply the downtrend happens a lot sharper and quicker. Hence, it is not uncommon that a lot of professional traders love to trade and profit from the downtrend because it is usually a lot faster with the same amount of work. However, as the nature of downtrend involves more volatility and more noises hence it is more tricky to profit from trading the downtrend.
In this video, you will find out how to spot the market weakness and confirm before you entering a short entry either by trading the pullback or trading the breakout to profit from the downtrend. Watch the video below:
Timestamps
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1:48 Market recap.
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4:20 Trade review.
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6:30 Sign of weakness in S&P 500.
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7:05 Test of the support-turned-resistance.
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14:20 Current stock market outlook.
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