If you want to make money consistently, you need systems that will make money from different types of market conditions, bull markets, sideways markets, bear markets, and volatile markets, quiet markets. And you also need systems that will profit from the transitions. I’ve got one system which makes a huge difference in my portfolio because it profits in the transition from a bull market to a bear market. That transition is one way you tend to lose a lot of money because if you’re long on the way up, when the market turns, you may still be long and you’re losing a bit of money until your trailing stops get hit.
If you’ve got another system that profits in that turn, then all of a sudden, your portfolio is smoother, you got to think about what can happen in the market and try and have a system or set of rules that will help you make money in different market conditions.
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