Can a single trading style work across all types of market environments? Will selling-into-weakness work in smaller bull swings? Will selling-into-strength underperform in prolonged bull swings?
I think there are 3 ways we can play this:
1. Strength
With the correct stock selection, one can aspire to get stocks that move in their own cycle, disregarding the market, or at least falling much lesser than the market, so as to not trigger any trading decision.
2. Switch
Switch between the two styles based on from where we are coming in (prolonged bear, choppy nowhere, little bear). Tricky, this one, in terms of both the speculation & the dual-personality needed to transform between swing & positional styles.
3. Surrender
Make peace with not making (enough) money in certain market environments, only to compensate for them when the tide turns in the favour of your style.