Going Against the Grain

In his guest post at MartinKronicle, Victor Sperandeo stated that he believes the market high is in for the year. Maybe he's wrong - maybe he's right. But if you trade the S&P 500, listen up. Trading rallies in a downtrending market is a different environment - and different trading style - than trading long in a bull market. It's a new dynamic that you have to get used to, mostly by doing it. If you become frustrated, think about trading smaller or sitting on your hands until you learn how to short the market or find another vehicle that works for your trading style.