Bull markets are always longer than bear markets, and that is directly caused by the simple fact that it takes longer to trust something (CONFIDENCE) than it does to lose faith (PANIC). This is human nature, and it is the first step in learning How to Trade a Panic. The opponent you really face is yourself – that internal instinct that causes you to run like an animal in a herd at the sight of a lion. To overcome that inherent instinct that will cause you to run with the majority and lose your shirt.
This is a unique skill set that is needed to survive. It is what the bankers lack, and it is why they keep blowing up themselves. Their solution is to do a reverse takeover of government. We, unfortunately, lack that option. It’s OK, for it is better to dance alone than with the devil.
Knowing how to trade a panic is the ultimate talent in trading. It is the top of the food chain. The black belt in trading.