Just to remind about terms :
- Bull market
- Bear market
- Correction in a bull market.
- Correction in a bear market (Bear Market Rally)
- Choppy market
- Flat(or Sideways) market
Why is it important to know : bearish, bullish, correction and so on ?
- Some traders may say : "my system is trend following system". Trend folllwing systems are trading on bull market and bear market only.
- The other traders can say : "I am using counter trend system". Counter trend systems are trading on correction and on rally only.
- The other traders can say : "I am using scalping" ... but as we know - scalping is mostly used on flat
- Some other traders can say : "I like to use martingale" ... but martingale is profitable in choppy/ranging market condition
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