Questat
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August 26, 2024, 10:57:58 PM |
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~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. It’s really hard to win when you go against the trend, but I think some exceptional traders still manage to go against the trend and end up making significant profits. But if you’re still learning the process of trading, I suggest just go with the flow, go wherever the market leads you. Do not counter-trend because that would only mean more risks on your part as a trader. Reality is we are trading following the trend of the market, not to end up going on the reversal.
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beerlover
Legendary
Offline
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August 27, 2024, 03:19:55 AM |
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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.
There are too many people who are stuck with one way, and do not want to see any other methods, not only they do not want to do it but they do not even check how it's done or the results of people who do the others. I would say spot trading is the best way to move forward, in any direction but that doesn't mean that I do not check leverage for example, because futures have their own way of helping people, in your example if it is going down then shorting before it goes down helps you make a profit, point being that it's something we can make profit from. In the end, it is something that everyone should do, everyone should take a look at all kinds of trading, and in the end they can make a calculated decision based on what they know and can trade accordingly, it would allow them to be a lot better and could result with a good result. It is going to be something that can definitely give you what you prefer, and you would be a lot better at doing what you like.
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EarnOnVictor
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August 27, 2024, 04:03:31 AM |
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-snip- Do you only trade according to the trend or you counter-trend trade from time to time?
Your advocacy for trend trading is laudable but at the same time traders should not entertain fear of trading the opposite, after all, traders can profit both ways. Trend is our friend and I have never seen any trading approach that is associated with lower risk and gives the rest of mind than trend trading, nonetheless, when the trader knows how to speculate the market well, there will always be a reversal and retracements, which are the situations where the opposite of the trend are best traded. The caution is that a good safety measure must be adhered to where the trader will ensure that a tight stop loss is placed immediately after opening the opposite orders to the trend. If done well, proper risk management would still be achieved, but the trader must first ensure that trusted strategies are deployed and sure trading signals are patiently waited for. I prefer a situation where a support and resistance strategy would signal it while a price action pattern would confirm it before pulling the trigger.
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laijsica
Full Member
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Online
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PredX - AI-Powered Prediction Market
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August 27, 2024, 04:47:28 AM |
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~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. It’s really hard to win when you go against the trend, but I think some exceptional traders still manage to go against the trend and end up making significant profits. But if you’re still learning the process of trading, I suggest just go with the flow, go wherever the market leads you. Do not counter-trend because that would only mean more risks on your part as a trader. Reality is we are trading following the trend of the market, not to end up going on the reversal. Having the habit of buying and selling in every situation to put yourself in a stronger position by trading according to market trends. Considering accuracy for overbuying in bearish times and selling in bullish times. But more attention should be paid to ensure proper use of capital in every situation which is expected from a trader. Adjust your money flow and portfolio accordingly to maximize profits and increase currency holdings to multiply profits as a trader. Tempting yourself with buying sentiment at every level of the market to avoid risk in trading. I try to arrange my capital in a way that avoids risk and maximizes profit.
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Yaunfitda
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August 27, 2024, 04:48:43 AM |
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~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. It’s really hard to win when you go against the trend, but I think some exceptional traders still manage to go against the trend and end up making significant profits. But if you’re still learning the process of trading, I suggest just go with the flow, go wherever the market leads you. Do not counter-trend because that would only mean more risks on your part as a trader. Reality is we are trading following the trend of the market, not to end up going on the reversal. Yes, but probably just 1% of all the traders, so there numbers is really small to be called exceptional traders and for sure, one of this days, the number will go against you because of you going on the opposite side of the trend. It's like you are betting against what the market is offering and it's hard to do that even if you are really that good or above the average mindset of the traders. But maybe this is why some of them become so rich because of counter trading. However, it is not meant for everyone, again, you might be superior, but at the end of the day, still boils down as to how you make money and how much it is.
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justdimin
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August 27, 2024, 09:48:55 AM |
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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.
This is so true, and not many people understand why it's so true as well. However, there are situations that are not that similar, so if you have same strategy for all the situations then you are going to have to find something that works for all of them, which isn't easy. I am not saying that's wrong, I am not saying don't do it neither, I am just saying that it is not that common and it will probably not be done that easily neither, just avoid that if you can and you will do fine. We are talking about everyone's habit that will not be easy to handle, and because of that I believe that the best thing to do is try to find that strategy which works for every single situation. It may take a long long time, you may even never find it, because I have never found one that works both on bull a lot, and bear a lot.
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Webetcoins
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August 28, 2024, 03:06:02 PM |
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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.
Usually we need to stay with trend because it's important for us if we are having not good knowledge of trade and having better things for analysis and other related things but if we have some good knowledge base, and also we are able to have good things related to us, we can go against trend because this is risky but with having more profit option as well even as mentioned few loves to do this for fun but still it's good option to check. 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.
Usually while you are going against trends you are having more risk factor but still things are good because this will bring creativity for the person who is dared to this most of the time peoples never like this because here we have few peoples those are love to have big risks because they feel not comfortable but if someone have this then he is keeping because this is also just like addiction once you enter you are staying here until all end.
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ndutndut
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August 28, 2024, 06:22:21 PM |
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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.
Yes, that's right. One of the tips for success in trading is that we must understand the market, and of course we cannot fight the market, although not all trading, but most of the time if we fight the market we will lose. Therefore, to achieve success in trading, we must be able to ride the market by predicting where the market will move. To read the direction of the market, there are many ways. This is the importance of knowledge before jumping into trading. So that we will know whether the trend in a longer time is heading in a different direction from the prediction or not because the market cannot be ascertained. But what is certain, bad habits in trading are not market trends. But because of yourself, sometimes being greedy, sometimes being afraid so that this is what makes you unable to be disciplined which makes you often lose. So, learning to recognize and master trading psychology is important to achieve success in trading.
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Lanatsa
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August 28, 2024, 07:38:41 PM |
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~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. It’s really hard to win when you go against the trend, but I think some exceptional traders still manage to go against the trend and end up making significant profits. But if you’re still learning the process of trading, I suggest just go with the flow, go wherever the market leads you. Do not counter-trend because that would only mean more risks on your part as a trader. Reality is we are trading following the trend of the market, not to end up going on the reversal. Yes, but probably just 1% of all the traders, so there numbers is really small to be called exceptional traders and for sure, one of this days, the number will go against you because of you going on the opposite side of the trend. It's like you are betting against what the market is offering and it's hard to do that even if you are really that good or above the average mindset of the traders. But maybe this is why some of them become so rich because of counter trading. However, it is not meant for everyone, again, you might be superior, but at the end of the day, still boils down as to how you make money and how much it is. We should put up into our mind is on that on the time that you would really be dealing up with this market space then embrace yourself about into the condition that you are really that against with other traders on the other side on which it would really be just that understandable that you should really be that making yourself those good decisions towards your trading. This would really be that survival of the fittest on which on the time that you would really be making yourself dealing up with this volatile space then you should really be that making yourself at least be prepared on what are the things that could potentially come. This is why it would really be that best that you should really be trying out to get rid of those things that could potentially hinder out on making good trades. We cant really be able to be perfect traders and there would really be those habits and doings on which we do keep on doing despite of resulting into those negative impact towards our trading analysis. This is where it would really be sensible that you should really be trying out to make some changes. We do know that as a trader then you would really be finding yourself getting involved into tons of trials and errors along the way. Trading is a never ending learning kind of career on which the more experience you are getting into this market then the lesser the risks that you would really be having but of course there would really be no guarantees anytime. Market is unpredictable and something which is really that random. This is why you should really be having tons of back up plans just in case when things turns out to be messy on which this is a normal approach.
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alastantiger
Sr. Member
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Crypto Casino and Sportsbook
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August 28, 2024, 09:08:52 PM |
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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. Trading against the trend is more risky because you're fighting the whole market when you decide to do that. You can win this fight if the market direction chances and it begins to go in your predicted direction but you can only know this when you are done analyzing the market hence before trading, we should make findings for any news that is about to be announced because they have their effects on market reaction. Each trader has their own bad habits that can cause them to lose when trading. If you don't have the bad habits of tracingy against the market, you might have other bad habits and it might be the cause of your recent losses. Letting go of the bad habits will help us to improves and begin to get better results when we are trading. How to identify bad habits is to look for things that you do when trading that it makes you to not make money from the trade
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KingsDen
Legendary
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Activity: 1204
Merit: 1072
Goodnight, o_e_l_e_o 🌹
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August 28, 2024, 09:21:42 PM |
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Trading against the trend seems to be theoretical as I have never seen anyone do that. Unless the whales which I am not aware of. An average trader follows the trend. An average trader follows the market movers to mitigate losses when they come.
However, I have relieved myself from the stress of all these analysis by choosing long term investment. This give somewhat a peace of mind even if it will not give the desired return.
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SamReomo
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August 28, 2024, 09:32:26 PM |
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Trading against the trend seems to be theoretical as I have never seen anyone do that. Unless the whales which I am not aware of. An average trader follows the trend. An average trader follows the market movers to mitigate losses when they come.
Well, trading against trend works but one has to understand that it's not easy to trade against the trend and such traders have to be patient because sometimes they'll have to hold their trades longer to make any profits out of those trades. Sometimes such traders make way more profit than other type of traders as they're trading against the trend and if the trend goes inverse then such traders make huge profits. Personally, I shorted Bitcoin when it was at $73k and from that short I made some profits but If I had hold that position of mine for long time then I could have made so much profit from that trade. I'm pretty sure that there might be other traders who trades against the trend at those times and many of them might have made huge profits by holding their positions.
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MinMan
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August 31, 2024, 12:58:25 PM |
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In the end, it is something that everyone should do, everyone should take a look at all kinds of trading, and in the end they can make a calculated decision based on what they know and can trade accordingly, it would allow them to be a lot better and could result with a good result. It is going to be something that can definitely give you what you prefer, and you would be a lot better at doing what you like.
There is nothing wrong with learning, we should learn every new thing and as you said, we should learn and understand every type of trade, it is not necessary to keep doing the same type of trade even if you are profiting from it. or take a loss but if you get a profit in spot trading then you should not take up futures because futures trading is very risky but if you are not getting any special benefit in spot trading then you should change your way. There is nothing wrong with that. Understand that you have learned about futures trading and given it a try on your part because the people who always succeed are the ones who keep trying and the ones who stay in one place for fear of risks, they live, but they never achieve success. I'm a spot trader myself and don't have much knowledge about futures trading. I'm learning about futures trading and I'm confident that I'll be successful in futures trading as well, just like I am in spot trading if I work hard and focus on learning and understanding things.
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