• Sellers are in control
• Oversold often stays oversold for a long time
• Markets drop a lot faster than they go up
• Bear markets burn and churn accounts with long only exposure
• Volume and liquidity can dry up but price can still drop significantly
• ‘Cheap’ can get a lot ‘cheaper’
• Hope is slowly destroyed
• Vicious bear market rallies try to suck in traders to trap them
• Expect lots of gaps to the downside
• It takes a long time until market participants throw in the towel

This is appropriate trading behaviour during bear markets:

• Either in cash or short
• Sell the rallies mentality
• Do NOT buy the dips
• Do not even think about going long if you are not an active and experienced trader