All my picks tanked. And I'm not just talking about my picks for today. I keep track of the performances of all past picks on my Fidelity Watch List, and I've never seen that much red. One might think I was stabbed and couldn't help but bleed on the computer screen.
I'm trying very hard not to give up hope on this strategy. I ruminated over the many facets I might be missing regarding this approach and then it hit me. My initial instincts might've been right. This may be a bull market-only trading strategy.
For this reason and because I find myself currently in the midst of a bear market, I've decided to incorporate another strategy into this little self-education experiment of mine.
Now I will still "prented" to research and trade as though I am following the Bollinger Band Bullish Breakout Strategy, but in addition I will run a simultaneous but different approach--still using Bollinger Bands--that might have a chance of succeeding in a bear market.
I will call it The Bollinger Band Uptrend Dip!
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