Advice on profiting

Use the longer periods to figure out the real trend. I challenge anyone to show how it is not UP. When the markets go down it will be 500 points a day in the DOW and 50 in the SPX. Trading only the "counter trend corrective waves" DOWN is very hard to profit from. If you use proper Money Management you can reduce risk, and lose only 2% of your portfolio on the actual day of the correction. Example for new traders, 2 DOW Futures contracts with a 10 point stop risks $200 + commish. If you don't choke the winners, and let them run, you can make 5 times this much on your good trades (up or down). As you make money nearly every day and you see your account going up in value add more contracts to a winning trade, with a stop loss on the profits you have... without additional risk.