Technically, a bull market is defined as a time when prices rise — generally by 20% or more.
As they say, what goes up must come down — and that downward movement is encapsulated in bear markets.
Bull markets and bear markets shouldn’t be looked at in isolation — they both form part of the economic cycle.
Prior to the COVID-19 pandemic, we were in the midst of the longest bull market in history, which lasted from March 2009 right to March 2020.
No matter how well you know the theory, it’s useless if you can’t apply it to improving your investment decisions and becoming a more profitable trader.