It is definitely not an easy situation to trade during bear period, I mean you could do it, but its not a good decision if you are not sure. What you can do is, if it starts at 30, you sell, then when its 27, you buy, then at 29 you sell, then at 25 you buy then at 26 you sell etc etc. As you can see the overall price dropped, but you found those peaks and I agree, those peaks are the periods where you make money you are right about that. But can you? I mean finding those is as hard as it gets and I doubt that anyone can do that easily. I just stay away, makes more sense.