What's the generally accepted stat - the Market trends only 25% of the time. Any of the Stat Whizkids here done the maths for what that percentage of time the SPX has been trending has been recently compared to historical. Gotta be alot more since Trump started causing all this Volatility. (No BrownMark, this isn't another Trump thread, so don't go crying).
Trending days are not that rare, happens quite often. Every day is technically a trending day....you just have to anticipate that movement turn expectation moment. Sure, Every trader wishes the market would move up or down steadily over time ..so it is very easy to trade and read. Stop trying to predict the exact future, predict the exact tomorrow. But rather simply observe it in real time, analyze it, react to it and trade it accordingly Trader S
It's easier with we could agree that trending day is starting the day closer to one extreme and ending the day closer to the other extreme not bouncing in wide fluctuations.
There are various types of trends : 1. uptrend 2. downtrend 3. big range with uptrend and downtrend and up and down and ... 4. small range 5. indetermined trend / trendless / chaotic trend <<<<<< this is very 'popular' 6. various combinations and permutations of the above #5 is very popular. That's why < 10% traders earn $$$$$$$$$$$$$$.
Every goofy genius amateur trader is guilty of 1,2. #3 takes skill and timing. #4, a wise trader would stand down, not force anything #5,6 is expert level of trading Of course, all of this is only evident in Hindsight. An intelligent, wise, experienced trader would generally know this ahead of time through analysis of the framework landscape image map. Consideration of elements and variables Good luck at your Exchange Market Casino,,.,..