This came round on Twitter yesterday and I thought it was utterly brilliant and something worth thinking about and understanding if we want to survive the current Nasty Markets. I say this is a “2 minute Blog“, but take your time and think about the messages here - they are bang on the money. It uses the word ‘Trader’ but equally applies to Long Term Investors and it is worth taking heed.
Many thanks to Olivier Tischendorf for sending this round and the original source can be found here:
“This is what characterizes Bear Markets:
This is appropriate Trading Behaviour during Bear Markets:
How To Survive A Bear Market - Trading Rules And Guidelines
This is not simply a correction. This is most likely a new BEAR MARKET. And that is probably an understatement. This could turn out to be a really nasty bear market. We do not know yet how this is going to end. But this quote certainly nails it.”
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