Quote from: laubeaud on August 20, 2024, 09:00:06 AM

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.

I believe a trader can only trade against the trend if they are in the futures market because, in futures, you can get profits whether the market is moving positively or negatively. So, going against the trend doesn't always make you lose when you are in futures trading. In spot trading, you can't go against the trend because that will surely not be a pleasant thing to do when you can clearly see which direction the market is headed.

Quote from: Ndabagi01 on August 21, 2024, 11:43:03 PM

I think only as a short term trader can your trade for the short term go well.

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.