San mei mei, this one's for you.
Sun Tzu urges us..
to not attack an enemy whose ranks are in perfect order and not to advance uphill
Book translates
How many times have you fought the tape? The axiom is that the trend is your friend. Hardly new advice but still as valid as ever.
Personal take
Never ever fight the trend. Especially major market trends. Going long in a correction is like rowing against the tide. You may get somewhere but with the amount of energy you have to expend, it is just not worth the effort.
Go with the flow. If you are uncomfortable going short in mkt correction, go full cash and watch from the sides how the market tanks to where it wants to go.
We all have limited amount of time and money. Y commit them to the market when the odds are against you? I always close all my long positions once mkt goes into a correction cos' I know I am just not smart enough to find stocks that moves up when the market is going down
And I know that the market can make me a bankrupt and a pauper in double quick time if I don't follow my personal trading rules..