Trading Lessons

How to Trade in a Bear Market Without Blowing Up Your Account

Timothy SykesAvatar
Written by Timothy Sykes
Reviewed by Ben Sturgill Fact-checked by Bryce Tuohey
Updated 3/11/2025 11 min read

Most traders panic when the market crashes. They freeze. They sell at the worst time. Or worse—they try to catch the bottom too early and get crushed when the stock keeps dropping.

The smartest traders don’t fear volatility—they use it to their advantage. There’s one strategy I rely on in a bear market. It works because it takes advantage of extreme fear… and it can lead to some of the fastest gains you’ll ever see.

Get my take on the markets—and the opportunity I’m seeing right now—in this NO-COST live webinar.

Here’s the catch: If you time it wrong, it can destroy your account just as fast.

So how do you time it right? Let’s break it down…

Understanding Bear Markets

Bear markets are a natural part of the market cycle, but most traders don’t know how to handle them. Unlike bull markets, where stocks trend higher, bear markets are marked by stock market declines of at least 20% from a previous peak (FYI—we’re not there yet). These downturns can last for a prolonged period, leading to widespread negative investor sentiment and a downward trend in major stock indexes like the S&P 500, Dow Jones, and Nasdaq.

The key to surviving a bear market isn’t luck—it’s preparation. Traders who understand market trends, recognize warning signs, and stick to a disciplined trading strategy have a much better chance of turning market fear into opportunity.

The biggest common mistake traders make? Panicking and not following their trading plan. The second biggest? Trying to time the exact bottom of a dip.

Remember: you should never try to catch a falling knife.

Instead of making emotional decisions, smart traders adjust to market conditions and find ways to profit even when the broad market is in freefall.

One thing to remember—bear markets don’t last forever. Even after a severe economic downturn, the market eventually recovers. Some of the strongest bull attacks in history have come after periods of extreme pessimism. That’s why it’s crucial to have a strategy, know when to strike, and protect yourself from bear market damage.

Definition of a Bear Market

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A bear market occurs when stock prices drop 20% or more from their all-time highs across major stock indexes. This downward spiral typically happens during a market downturn when investor sentiment shifts from optimism to fear. Unlike a short-term market correction, which is a brief decline of 10–20%, a bear market signals a sustained period of weakness in financial markets.

Bear markets come in different forms. A cyclical bear market occurs as part of the economic cycle, often following a period of excessive speculation or market bubbles. That’s what’s happening in the market right now.

A secular bear market lasts for an extended period, sometimes decades, with multiple bear market rallies along the way.

Understanding which type of bear market you’re dealing with is key to adjusting your investment strategy and managing market risks.

For traders, the goal isn’t just to survive a bear market—it’s to find ways to thrive in it. That starts with recognizing the signs early, understanding how market timing works, and taking advantage of market drawdowns when the conditions are right.

Significance of Bear Markets in Investing

Bear markets are a test of patience and discipline. While long-term investment portfolios may suffer short-term losses of principal, these periods also present opportunities for traders who know how to manage their risk. A bear market forces investors to reassess their risk tolerance, adjust their asset allocation, and decide whether to stay the course or make tactical adjustments.

For long-term investors, a bear market can be a chance to accumulate shares at lower price levels, especially through dollar-cost averaging. This strategy involves buying stocks at regular intervals, regardless of short-term market experiences, to lower the average bear market cost basis over time.

For active traders, a bear market can mean heightened volatility, increased market sentiment shifts, and the potential for short-term gains if you time your entries and exits correctly and maintain discipline in the face of fear.

The worst approach? Trying to time the exact bottom. Most traders who attempt this end up getting caught in bear market consignment sales—buying too early, only to see their stocks drop further. Instead of trying to predict the bottom, smart traders focus on market conditions, trade a well-diversified portfolio of opportunities, and react to market trends rather than guessing.

Causes of Bear Markets

Bear markets don’t appear out of nowhere. They’re triggered by a combination of economic conditions, investor behavior, and external events. Some of the most common causes include:

  • Economic downturns – When employment levels decline, consumer spending drops, and corporate earnings shrink, the stock market reacts. Recessions and slowdowns in GDP growth are classic triggers.
  • Inflation surges – Rising prices eat into corporate profits and erode consumer purchasing power. The federal funds rate often increases in response, making borrowing more expensive and leading to a market downturn.
  • Market bubbles bursting – Whether it’s tech stocks in 2000, real estate in 2008, or cryptocurrencies in 2022, unsustainable growth eventually collapses under its own weight.
  • Geopolitical crises – Wars, trade disputes, and pandemics create uncertainty, disrupt supply chains, and lower confidence in financial markets.
  • Liquidity crises – When investors rush to sell assets and liquidation of securities accelerates, it creates a self-reinforcing downward trend. This was a major factor in the financial crisis of 2008.

Bear markets can start quickly, but they don’t end overnight. Some of the biggest stock market losses in history happened during bear markets that stretched for years. The longest-running bull market lasted from 2009 to 2020, but even that period had multiple corrections and short-term market declines.

The key takeaway? Bear markets are an inevitable part of trading. The difference between those who survive and those who get wiped out comes down to preparation, discipline, and knowing how to capitalize on bear market prices when the time is right.

How to Trade in a Bear Market: Step-by-Step Guide

Now that you understand bull vs. bear markets, let’s break down exactly how to trade during a bear market and avoid the biggest mistakes that wipe out most traders.

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Step 1: Spot the Panic

Every major market drop follows a pattern. At first, traders hold on, hoping for a rebound. But when the selling speeds up, fear takes over—that’s when the best dip-buying opportunities appear.

Take GameStop (GME) in early 2021. After its historic short squeeze in January, GME collapsed from over $350 to under $40 in just a few weeks. Everyone thought the run was over. But then in March, the stock rallied again, getting into the $200s.

The sell-off went too far, too fast. Panic sellers created a massive opportunity for prepared traders. But spotting panic is only step one. The real key is knowing when to strike.

Step 2: Wait for the Turn

Trying to catch a falling knife is a death sentence for traders. Just because a stock is down big doesn’t mean it’s a buy. You need clear signs that panic selling is slowing down. I look for three main signals:

  • A sharp drop followed by quick stabilization
  • A massive increase in volume, showing buyers are stepping in
  • A key support level holding multiple times

Take MLGO in early 2025. This stock was a textbook example of extreme panic, then an explosive bounce. MLGO slumped into the year’s end—then, when too many traders piled in short, the stock squeezed from $1 to $8 in one session.

If you tried to buy too early, you got crushed. But once the stock held key levels and showed signs of bottoming, that’s when the best opportunity appeared.

So now you know when to enter… but how do you exit for max profits?

Step 3: Take Profits Quickly

Bear market bounces can be violent, but they don’t last forever. These are trades, not long-term investments.

I take profits into strength, usually selling in pieces as the stock spikes.

Look at Mark Croock’s $288,000 win on BITO puts. While most traders panicked over Bitcoin’s crash, Mark saw the opportunity. He bought put options on BITO, a stock that tracks Bitcoin’s performance. But here’s the key—BITO doesn’t trade 24/7 like Bitcoin does. That meant Bitcoin had already dropped heavily over the weekend, but BITO hadn’t priced in the losses yet.

When BITO opened on Monday, it collapsed nearly 20%, and Mark’s puts skyrocketed. He locked in $288,000 in profits, all by recognizing the setup before the rest of the market caught on.

The lesson? Look for inefficiencies—and don’t wait too long to take your gains.

Step 4: Cut Losses Fast

The best traders aren’t just good at making money—they’re even better at not losing it.

In a volatile market, the worst thing you can do is hold and hope. I use these strict rules to stay safe:

  • If the stock breaks key support, I’m out. No exceptions.
  • If the volume dries up, I’m out. No liquidity means no bounce.
  • If I’m unsure, I exit small and reassess.

I learned this the hard way on EVAX. I bought the stock on a dip, expecting a bounce—but it never came. Instead of holding and hoping, I cut my losses quickly and moved on. Later, it crashed even harder.

Small losses don’t hurt. But big ones wipe out weeks of progress.

Step 5: Adapt or Die

The market is always changing. What worked yesterday might not work today. That’s why I study, adapt, and refine my strategy constantly.

Short squeezes used to be rare—now they’re everywhere. Pre-market trading used to be dead—now it’s where the biggest moves happen. Dip buys used to be safer—now you have to be extra cautious.

The traders who survive aren’t the smartest or the fastest—they’re the ones who adapt the quickest.

Final Thoughts

Let’s recap:

  1. Spot the Panic – Look for extreme fear and oversold conditions.
  2. Wait for the Turn – Don’t buy too early. Wait for confirmation.
  3. Take Profits Quickly – These bounces don’t last long.
  4. Cut Losses Fast – The key to surviving in a volatile market.
  5. Adapt or Die – The best traders evolve with the market.

The smartest move? Stay defensive, trade cautiously, and wait for the next real opportunity. When markets go from extreme greed to extreme fear, they always overshoot in both directions.

This is a market tailor-made for traders who are prepared. Momentum stocks thrive on volatility, but it’s up to you to capitalize on it. Stick to your plan, manage your risk, and don’t let FOMO drive your decisions.

These opportunities are fast and unpredictable, but with the right strategy, you can make them work for you.

If you want to know what I’m looking for—check out my free webinar here!


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Timothy Sykes

Tim Sykes is a penny stock trader and teacher who became a self-made millionaire by the age of 22 by trading $12,415 of bar mitzvah money. After becoming disenchanted with the hedge fund world, he established the Tim Sykes Trading Challenge to teach aspiring traders how to follow his trading strategies. He’s been featured in a variety of media outlets including CNN, Larry King, Steve Harvey, Forbes, Men’s Journal, and more. He’s also an active philanthropist and environmental activist, a co-founder of Karmagawa, and has donated millions of dollars to charity.
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* Results are not typical and will vary from person to person. Making money trading stocks takes time, dedication, and hard work. There are inherent risks involved with investing in the stock market, including the loss of your investment. Past performance in the market is not indicative of future results. Any investment is at your own risk. See Terms of Service here

The available research on day trading suggests that most active traders lose money. Fees and overtrading are major contributors to these losses.

A 2000 study called “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors” evaluated 66,465 U.S. households that held stocks from 1991 to 1996. The households that traded most averaged an 11.4% annual return during a period where the overall market gained 17.9%. These lower returns were attributed to overconfidence.

A 2014 paper (revised 2019) titled “Learning Fast or Slow?” analyzed the complete transaction history of the Taiwan Stock Exchange between 1992 and 2006. It looked at the ongoing performance of day traders in this sample, and found that 97% of day traders can expect to lose money from trading, and more than 90% of all day trading volume can be traced to investors who predictably lose money. Additionally, it tied the behavior of gamblers and drivers who get more speeding tickets to overtrading, and cited studies showing that legalized gambling has an inverse effect on trading volume.

A 2019 research study (revised 2020) called “Day Trading for a Living?” observed 19,646 Brazilian futures contract traders who started day trading from 2013 to 2015, and recorded two years of their trading activity. The study authors found that 97% of traders with more than 300 days actively trading lost money, and only 1.1% earned more than the Brazilian minimum wage ($16 USD per day). They hypothesized that the greater returns shown in previous studies did not differentiate between frequent day traders and those who traded rarely, and that more frequent trading activity decreases the chance of profitability.

These studies show the wide variance of the available data on day trading profitability. One thing that seems clear from the research is that most day traders lose money .

Millionaire Media 66 W Flagler St. Ste. 900 Miami, FL 33130 United States (888) 878-3621 This is for information purposes only as Millionaire Media LLC nor Timothy Sykes is registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Millionaire Media LLC and Timothy Sykes cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Millionaire Media LLC and Timothy Sykes in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Millionaire Media LLC and Timothy Sykes accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.

Citations for Disclaimer

Barber, Brad M. and Odean, Terrance, Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors. Available at SSRN: “Day Trading for a Living?”

Barber, Brad M. and Lee, Yi-Tsung and Liu, Yu-Jane and Odean, Terrance and Zhang, Ke, Learning Fast or Slow? (May 28, 2019). Forthcoming: Review of Asset Pricing Studies, Available at SSRN: “https://ssrn.com/abstract=2535636”

Chague, Fernando and De-Losso, Rodrigo and Giovannetti, Bruno, Day Trading for a Living? (June 11, 2020). Available at SSRN: “https://ssrn.com/abstract=3423101”

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