I usually just react on the market move rather than predict where it is going.
It is to avoid any bias psychological mindset on myself. When I say bearish now might become bullish an hour later depending on the action of the market.
don't overthink about things in trading. It's better not to do anything or stay in a winning position than try to get all of the fluctuations. The only time that you need to react and do things faster is when you're losing. Cut the losses quickly and let the profit run.
For now, yes, I am bearish. But this does not change the fact I will change my strategy when the market changes its direction.
happy speculating!! my advice to a new trader, read about the Reminiscences of a stock operator by Edwin Lefevre
