An uptrend is the upward price movement of a financial asset, characterized by price making higher highs and higher lows. This means that after a bullish run, the lows following a pullback will still be near or above the highs that were seen earlier in the trend. The uptrend is regarded intact as long as price continues to make higher highs (during the run) and higher lows (during the pullback). Some traders choose to trade solely during uptrends. These type of long-trend traders employ a variety of tactics to capitalize on the price's proclivity to make higher highs and lower lows. They enter trades earlier as price begins the raise; they manage their position(s) during the bullish run by adjusting their stops (in case price suddenly reverses); they exit and take profit (fully or partially) as price loses strength and starts to reverse direction.
As we all know, 2022 has been a painful year, and it continues to be so. What works during a bearish market are a few strategies: shorts, inverse ETFs, holding cash positions and day trading. Today we take a look at ATXI and see how we day traded it. Watch this video to get the technicals. Good trading! Trading Risk Disclaimer All the information shared is provided for educational purposes only. Any trades placed upon reliance of SharperTrades, LLC are taken at your own risk for your own account. Past performance is no guarantee. While there is great potential for reward trading stocks, cryptos, commodities, options, forex and other trading securities, there is also substantial risk of loss. All trading operations involve high risks of losing your entire investment. You must therefore decide your own suitability to trade. Trading results can never be guaranteed. SharperTrades, LLC is not registered as an investment adviser with any federal or state regulatory agency. This is