A winning strategy for a bull market but what about STFR!
I have to say I was a little perplexed if not outright confused when I heard the term BTFD the first time coming from a long stint with Forex trading, where we follow the paradigm of “Buy Low & Sell High”. So basically as most of you know in Stock market you are either a Bull or a Bear depending on which side of the trade you prefer. Bulls love the when the market is going up & Bears like to short sell.
For 9 long years we had a nice bullish on US equities market where it was really profitable to buy every dip in the market & keep progressing. Being a technical trader I know that market works in cycles & nothing stays forever. I would wait for a technical pattern to emerge before jumping in the trade — that means getting a confirmation from the technical indicators. Everybody knew that this longest bull run had gone too far,, it was over stretched etc. etc. but the bulls just didn’t want to cave in. After such a long stint of bull market I don’t really blame the traders who were just Buying the f***g dip (#BTFD)!
Know more about that https://medium.com/@tradealike/btfd-a-winning-strategy-for-a-bull-market-but-what-about-stfr-36c3e3db9d16