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?
When you do make out some counter trend then you would really be just that basically putting up yourself into such potential risks or trouble in regarding into your trading position or open orders.
But as we do all know that telling on what would be trend will be into the next hour or days or weeks then it would really be that something that cant easily be predicted. There's no way that you could
possibly be able to make yourself precisely tell on where the market trend will really be going. This is why actions would be made will really be always remain random and speculative just as so with the market.
There would really be no assurance that you will be able to make yourself that making out that precise position but of course there would really be that significant differences in between to those traders
who are really that good when it comes to their trading analysis and other steps on which not all would really be having on the same skills and capability. Although it wont really be giving out that 100%
precision but it is really that so much better in compared into those traders who do make out some positions without having any basis or simply its really just that being random.
When dealing up with a speculative space then it would really be just that normal that you would really be needing up to be mindful in correlation to things on what must be done and mind on.