Bear market
Somehow my natural inclination is to go long stocks. Once a bear market start I am usually in trouble first, until I readjust.
Today I had a few good trades, IBN was one of them, but I kept anticipating the market reversal.
I traded CIEN long twice, only to be stopped out. It was all very obvious, but it was a matter of trading what is, instead of trading what I want to happen.
IBN was a great trade. The market gapped down and IBN too. The gap down corrected with 2 up waves, the second one slower in pace than the first wave up. See the pink lines below the chart.
The second wave up bounced into the 5 min 20 SMA, that was falling. My first target was the equal move, it got there pretty quick. I took a partial at that target and trailed the rest. I was hoping for a lot more, but I just got a tiny bit more. 3.5R is nothing to sneeze at and it was a nice offset to my anticipating a reversal.
There must be a reason for the expression: “The market always does what the trader expects, but never WHEN he expects it.” This was the case. After giving up on a reversal, the market reversed… 
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