This bad habit will cost you a lot in trading

[nelson4lov]

~Snipped

Do you only trade according to the trend or you counter-trend trade from time to time?

I learnt my lesson the hard way. Now, I don't go against the trend. If the trend is for price to go down, I have to go down with it and vice versa. One thing I didn't realize and I think a lot of traders don't realize too is that we have no control or power over the market so when it's going up and we try to make it go up, we will just get our capital eaten away. I had several trades during the last black swan like dump that happened due to the blowout from the Japanese carry trade. Instead of agreeing that the trend is downwards, I tried to stay long for as long as possible and that cost me.

Never again.

[mirakal]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

A trader with years of experience knows when it is time to sell and when it is time to buy, but newbies find it difficult to determine. Going along with the trend does not guarantee profit as well, but I believe it will work when carefully analyzed. This will happen if you spend time analyzing the market and checking the time frame of changes. It really takes time to do that, which is why we necessarily need patience for this because rushing makes no good results but losses and wrong orders. 

With all the things needed in trading, we can conclude that this is not an easy job. It needs focus and dedication, or else we are putting ourselves in a losing position. This is the reason why many traders fail, as they assume they can ride the market volatility easily, yet they do not. 

[Dr.Osh]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

Yes, one of the skills needed in trading is adapting to circumstances, and that includes trends. However, many people have made small or large profits just because they suddenly followed the trend. However, this also needs to be accompanied by analysis, because when market trends occur, quite a lot of people take advantage of this to their advantage. So, although following trends is good, we need to carry out analysis and speculation, while adapting to it.

[betswift]

You don't trade and go against with the market, that's never trading at all. Trading simply means that you consider all the market trends and its sentiments, and abide with how it moves in the market. That's the safest way to trade so you won't be dealing with possible losses in the end just because you trade following the opposite path.

Trading needs to be a smooth sailing activity, so you need to befriend the market as much as possible and learn not to go against its way.

What about buying when the market goes down? You do go against it, but you wait out for the dip to correlate eventually. Of course, it shouldn't be done on unstable coins, but rather on big fellas of the market.

[Woodie]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend.

Every trader knows the saying of the trend is your friend!!

Trading against the trend is like trying to catch a falling knife and you can imagine the aftermath...

Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success.

Agreed, but the only problem about trading is that you can't trade with only one factor, to increase your winning rate you need other confluences such as multi-timeframes analysis, knowing which order block will hold, your premium and discount etcetera

Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

One thing is for sure, if you trading on the wrong time frame you might think you are trend trading when infact you are counter trading which goes to show multi-timeframe analysis needs to be mastered!

Otherwise trend trading is much easy to trade with unlike counter trading which takes time to hit your take profit 🎯

[crwth]

Most of the time, I would go with the trend just because it may become true, especially if there is a lot of confluence with other indicators in the trading strategy I am using. What I like to do with my risky account is to get on the most famous possible trends and go against them. It's like the reverse creamer thing. It's like that, in my opinion. It is just for fun.

[Distinctin]

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Do you only trade according to the trend or you counter-trend trade from time to time?

There's a famous quote that traders and those expert in technical analysts are using and that is "The Trend is Your Friend".

Even the expert traders aren't trading against the trend because it will give them huge losses. I tried it one time personally when I'm trading in futures. I tried to trade against the trend and I end up losing a portion of my capital. I already put a stop loss before I did it that's why I didn't lose all of my capital, but for those who are thinking to try it, I don't know if there's a way for you to make up profit even though you're going against the trend. Even though we are saying that we should not trade against the trend, there are still some who are accidentally trading against it because they don't know how to read charts.

Overall, as much as we are saying that we should not make trades that are against the trend, there will still be traders especially those newbie ones that will do it without them knowing it.

Newbies who actually trade against the market trend are not aware with that, probably because they don't know either what's the current market trend. They only trade for profits, not knowing that the best strategy to trade for profits is by trading in line with the trend, and not above or beyond the trend. However, there are also well-experienced traders who sometimes go against the trend, just like while others are buying, they chose to sell instead. That's how they also make profits, and as long as they are actually aware of its consequences if ever, then for sure they do it with caution as well.

[Rabata]

Trading only on one side or following one strategy will never make you a good trader. To become a skilled trader, the trader should start trading after knowing the trading related knowledge. Trading when there is a trend in the market increases the chances of profit. However, in any favorable or unfavorable conditions, when the trader can gain the courage to trade according to the market position, he will be able to make profit if he trades. If he decides to trade, he must take risks. Trading with the sole intention of making a profit increases the chances of losing. Every trader must be thoroughly researched before taking a new entry in trading.

[barisbilgili]

Trading only on one side or following one strategy will never make you a good trader. To become a skilled trader, the trader should start trading after knowing the trading related knowledge. Trading when there is a trend in the market increases the chances of profit. However, in any favorable or unfavorable conditions, when the trader can gain the courage to trade according to the market position, he will be able to make profit if he trades. If he decides to trade, he must take risks. Trading with the sole intention of making a profit increases the chances of losing. Every trader must be thoroughly researched before taking a new entry in trading.

Applying only one strategy to all conditions in trading I think is not too bad, in fact if the strategy is carried out consistently then the trading is likely to be successful but back to broad knowledge in trading to avoid unwanted things I think all traders must have that knowledge or learn it. In trading anything is possible to happen and the level of risk for that I think all traders understand and understand that traders must also try to minimize the risk, namely by expanding their trading knowledge.

[stadus]

It's rare to win when you trade against the trend, you will only lose in the end. Just like gambling, when you try to take advantage over the house edge, you will only get frustrated and lose all your funds. That's why if you want to trade nor gamble, just go and follow the market trend, no need to take a revenge and go against with it.

[Septex]

Trading against the market trend seems more risky to me. Because if the market conditions are not in my favor, even if I only trade against it, I may end up with a lot of financial losses.  But it depends on some things. If I am trading short-term, I am less likely to profit by going against the market. On the other hand, if I am trading long term, I may go against the market thereby increasing my chances of getting more profit in the future.  But for this, of course, where I am trading is also very important. But in the case of trading, risk must be taken. And if I trade against the trending of the market then maybe it will bring profit for me.

[barbara44]

Even short-term trades can't go well when you are trading against the trend. Imagine the market is constantly going down, and you are trying to get some profit from a coin. As the market stops for a while, you buy immediately because you think it is going to go up, but you avoid that the market is in a correction mode and signals are completely against taking positions for an upside.

But I hear scalping kind of very short term trading strategies will be good when you go against the trend. You will get multiple entry and quicker profits. I am not sure still because personally I haven't tried scalping and that too against the trend. Basically I am a long term holder but these days I started planning for day trading if any working strategies are available.

Many of my friends are still warning about my plan, but I look for exploring new things which would be profitable by the end of the day.

[shawonngp]

In my trading journey a lot of times i am invest against market trend, provably i success in one or two trade and those was unexpected profits because my entry was against market trend, so it’s of course dangerous move for everyone to trade against market trend. Beginners traders can mistake because they are not enough skill in trading.

[Casdinyard]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

There's a case to be made for this. Just cause you're trading against the market current doesn't necessarily mean that you'll lose out on profits, especially when everything's going to the shitbox nowadays courtesy of the ongoing recession in most western countries, particularly the US, it's anybody's game in here, which could very well mean that the market could go either way, and choosing to go against the current market situation is just as a valid action as following the wave.

Don't force people to be these cookie-cut traders who only do one thing and are not venturing into other ways to trade and earn money, this gig get's boring after some time and if you seclude people from getting into other ways of trading, it might get old way faster for them.

[pawanjain]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

It's good that you know this fact because there are many traders especially newbies who trade against the trend and lose money.
One of the things I have learnt over the years is that we should never trade against the trend.
I have myself made this mistake earlier and lost some amount of money from my portfolio.
But I paid the price for my lesson and I am determined enought not to repeat this mistake again.

[Huppercase]

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

I hope you do realize that there are different types of trades, while there is spot trading which is always favorable when you follow the trend, when the market becomes uncertain and doesn't move in your direction, that's when you look at other type of trades, there is option, there is future trading which has its own forms again and we also have margin trading. You can enjoy all these tradings when the trend decide to go against you and there is money on them.

However, because of the leverage involve in them, you can't enjoy such trading in way to make money comfortably, if you increase your leverage, the more risky the trade becomes and the less you leverage your position, the better it becomes again but less the profit. Whichever you want, the choice is yours to make but low leverage are the best with future trading, anything other than that is gambling and you know what gambling is about.

[Dzwaafu11]

Do you only trade according to the trend or you counter-trend trade from time to time?

As a trader, you cannot trade against the trend, obviously, although they are different types of trading, so basically you did not classify the one you are talking about, but in one way, what I know is that you can't trade against the market trend, especially if you are into spot trading. Following the trend is one of the favorable things a trader will do to make money; without that, the risk will be higher. 

Trading only on one side or following one strategy will never make you a good trader. To become a skilled trader, the trader should start trading after knowing the trading related knowledge. Trading when there is a trend in the market increases the chances of profit. However, in any favorable or unfavorable conditions, when the trader can gain the courage to trade according to the market position, he will be able to make profit if he trades. If he decides to trade, he must take risks. Trading with the sole intention of making a profit increases the chances of losing. Every trader must be thoroughly researched before taking a new entry in trading.

Did you think so? Because, in my opinion, mastering one strategy as a trader is one thing that a trader is supposed to do so that he or she can have his own strategy they use while trading, but a trader using a different strategy is at high risk of losing money even if he knows how to trade.

However, I don't think if someone trades with the intention of making profit, there is an increasing chance of losing money because the main aim is to make money. If you want to say things that are increasing a trader's chance of losing money, it is insufficient knowledge, greed, and a and a lack of emotional control, but putting in mind that you need profit is not an issue.

[betswift]

In my trading journey a lot of times i am invest against market trend, provably i success in one or two trade and those was unexpected profits because my entry was against market trend, so it’s of course dangerous move for everyone to trade against market trend. Beginners traders can mistake because they are not enough skill in trading.

If you go in spot and your goal is hold - why not? Only use the funds that you are okay to spend

[BABY SHOES]

Trading against the trend is risky as others say you are “catching a knife” then this will be a loss in the end because instead of following the market trend it is the opposite direction.

Here we must be able to do the combination we have in the skills by looking at market sentiment you will know where the market is going but if you continue to fight the trend then you will enter the abyss.

Yeah trade according to the trend in the market and don't want to get FOMO.

[aylabadia05]

<snip>

I hope you do realize that there are different types of trades, while there is spot trading which is always favorable when you follow the trend, when the market becomes uncertain and doesn't move in your direction, that's when you look at other type of trades, there is option, there is future trading which has its own forms again and we also have margin trading. You can enjoy all these tradings when the trend decide to go against you and there is money on them.

However, because of the leverage involve in them, you can't enjoy such trading in way to make money comfortably, if you increase your leverage, the more risky the trade becomes and the less you leverage your position, the better it becomes again but less the profit. Whichever you want, the choice is yours to make but low leverage are the best with future trading, anything other than that is gambling and you know what gambling is about.

In reality, it is true that futures trading tends to be more difficult than spot trading. Even though the trading strategy can be the same, sometimes the difficulty traders experience is when they have to fight themselves not to play with high leverage. Many future traders experience losing all their money due to margin calls when they play with high leverage, obviously they get big losses.

Futures trading is not bad and I think it is quite liquid for those who understand it. Playing with low leverage, for example 5 or under 10, is certainly better, but sometimes the market is very unfriendly. A futures trader doesn't always make a profit even if they really understand how it works, but occasionally they can make big profits.