According to the author, in trading, a trending market is best. It could be trending higher, like when I made millions in 1999 and 2000, or it can be trending lower, like in 2008 and 2009. To be fair, more people make money when the market is going up than when it is going down. One needs to take trades where the risk is well defined, so that the reward is as large as possible. But, this does not ... [Show full abstract] mean that one can start taking ?crazy? shots, predicting stocks will go up 5,000 percent in a week, or even 100 percent in a month. In highly speculative plays, it is better to look for a 3-to-1 risk-versus-reward scenario.