Post
Topic
Board Trading Discussion
Re: This bad habit will cost you a lot in trading
by
Ndabagi01
on 21/08/2024, 23:43:03 UTC
Do you only trade according to the trend or you counter-trend trade from time to time?
Even also professional traders will never want to trade against market trend, it's high risk trading and loss will confirm, so how dare a trader will go to trade against trend? in spot trading you can not successful trade if counter trend trading. I am following market trend specially in short term trading.

I think only as a short term trader can your trade for the short term go well. If you’re a long time trader, counter trading may not have an overall effect on your trading if your analysis shows that in the long run, the market will reverse in that trend and change the trend to the new one you’ve Analysed and expecting to start. Most traders don’t counter trend because it spoils their reputation especially those that have students under their mentorship that they're guiding and teaching how to learn trading. Counter trade is not for the newbies, so it should be avoided.