Do you only trade in one direction (i.e. only buy dips or sell rallies)?

For some time, until trend changes?
(Which usually takes months or years)

 

Nope

 

well i guess it all depends on your strategy. i trade more short term so i do only trade in the direction of the market but its on a daily basis. i try to understand the price action of the market before making a trade

 

Yep, it can be be weeks to months sometimes when you trade oil like me.

It suits my style cos i liek to use giant stoplosses, and cos i trade oly £1 t £2 per tick cos my accounts £3,000, but so i like taking in 150+ ticks each day

 

i primarily short, mainly short rallies of weaker stocks but sometimes breakdowns.

sometimes i'll go long (i did a couple days ago with GS)...but it's not that common.

i'm 99% daytrader....

and, yes, the "can't short financials" takes a bit out of my arsenal, but so be it. was short the XLF today..