The Trend is Your Friend. Partner with them

In understanding the stock market, a novice trader must know and understand that the TREND is your friend.
Basically, there are 3 important trends:

• Primary Trend - It could be a bull trend or a bear trend and it last from 9 mths to 2 years.
• Intermediate Trend - A trend that could last 6 weeks to 9 mths
• Short Term Trend - Usually 2 weeks to 4 weeks

There are 2 more trends that are worth knowing and they are as follows:

• Intraday Trend :- recommended for short term trading using 1min, 5 min or 30 min chart. Usually this type of trading is influenced by News and Psychology.
• Secular Trend: - This trend will last 10 - 25 yrs and it usually consist of a number of primary trends.

The above information is extracted using the below reference:
TECHNICAL ANALYSIS EXPLAINED, 4th Edition by Martin J Pring.



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