Once, Manhattan used to be an island of agricultural land. However it has since evolved into the city we know today, the financial district, being habitated by a different kind of bull, bear, sheep and hog. Their identities rather different, but behaviour is the same.
The exchange is of no relevance for them, as the four lend their character accordingly. The actions of those in the pit assimilates to the bear, bull, hog or sheep. It's all uncannily familiar.
When a bull is fighting, he uses his horns to make upward assaults, so being a bull means your judgment is for a rise in stock price. You go long, or buy.
When a bear is fighting, they use their huge paws in downwards motion, so being a bear, your judgment is the opposite of the bull market. You look to sell, or go short, your stock.
So how do we relate with the hogs? This is when inexperienced, mostly new traders play risky trades and, often, based upon a so-called strong tip, they place all the funds of their account onto one trade, only for it to ultimately go in the wrong direction for them. It's called being greedy, just like hogs are.
It pays to learn, study, and become knowledgeable about the markets, rather than following the opinions of any one else. Sheep follow the crowd but I'm guessing you don't want to be the one who gets you account shorn bare.
The bulls and bears never let up from one another for a moment, so the market is always being pulled from pillar to post. So who decides the actions of these bulls and bears, who controls them. We do, that is, everyone who trades. It's psychological. Needless to say, many buyers create a bull market, many sellers, create a bear market. In choppy conditions, the wise step aside and merely observe.
Yes, sometimes there's a stand off, so neither side has the upper hand. The experienced and knowledgeable will not entertain a position in these conditions. They have honed their trading prowess and become highly disciplined. These are the traits and mindset vital to good trading. Note I say good trading, not stockstackup.com" title="making money">making money. If you jump in in these conditions, you demonstrate greed. Remember the hogs.
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