There are people that actually make money in a bear market but you need to keep in mind it's more difficult to make money in a bear market than it is in a bull market.
I remember during the 2008 stock market crash, many traders were short but they didn't make any money, why?
Because usually at the end of the week or right before earnings there was massive stock short covering because people were afraid to hold a short over the weekend in case something positive developed.
Same with earnings, most earnings were bad but the stock didn't necessarily go down because "earnings weren't as bad as expected".
Hence the reason why it's always easier making money in a bull market.
I remember during the 2008 stock market crash, many traders were short but they didn't make any money, why?
Because usually at the end of the week or right before earnings there was massive stock short covering because people were afraid to hold a short over the weekend in case something positive developed.
Same with earnings, most earnings were bad but the stock didn't necessarily go down because "earnings weren't as bad as expected".
Hence the reason why it's always easier making money in a bull market.
These people exist, and they make millions. However, they are the true professionals, who also feel the market movements. They deal mostly with the day trading and earn a lot even when the bears are here.
for those people's view, they don't look at bear market negatively instead it is giving them a good opportunity to gain more because most of the good coin are just bouncing back after the dip. you just have to be very patient most of the time when you are dealing with the bear market because not all coins will bounce immediately after you bought it because only whales can do that. LOL
But when the market is down we can not escape, so we try to keep on recovering, but it is decreasing to much.
that's the reason why stop losses are still important.
