Post
Topic
Board Trading Discussion
Re: This bad habit will cost you a lot in trading
by
barbara44
on 24/08/2024, 18:53:33 UTC
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.