~Snipped
Do you only trade according to the trend or you counter-trend trade from time to time?
I learnt my lesson the hard way. Now, I don't go against the trend. If the trend is for price to go down, I have to go down with it and vice versa. One thing I didn't realize and I think a lot of traders don't realize too is that we have no control or power over the market so when it's going up and we try to make it go up, we will just get our capital eaten away. I had several trades during the last black swan like dump that happened due to the blowout from the Japanese carry trade. Instead of agreeing that the trend is downwards, I tried to stay long for as long as possible and that cost me.
Never again.
It’s really hard to win when you go against the trend, but I think some exceptional traders still manage to go against the trend and end up making significant profits. But if you’re still learning the process of trading, I suggest just go with the flow, go wherever the market leads you. Do not counter-trend because that would only mean more risks on your part as a trader. Reality is we are trading following the trend of the market, not to end up going on the reversal.
Having the habit of buying and selling in every situation to put yourself in a stronger position by trading according to market trends. Considering accuracy for overbuying in bearish times and selling in bullish times. But more attention should be paid to ensure proper use of capital in every situation which is expected from a trader. Adjust your money flow and portfolio accordingly to maximize profits and increase currency holdings to multiply profits as a trader. Tempting yourself with buying sentiment at every level of the market to avoid risk in trading. I try to arrange my capital in a way that avoids risk and maximizes profit.