Post
Topic
Board Trading Discussion
Re: This bad habit will cost you a lot in trading
by
Huppercase
on 26/08/2024, 17:20:14 UTC
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?

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.