Sometimes I find myself trading against the market, swimming against the tide!
This happens occasionally. When the market reaches a significant level in our favor, I feel that it's time for it to reverse and go down—even without any specific signals. Conversely, when the market keeps declining, and I anticipate further drops, I still can't resist opening a long position. It's not a regular occurrence, but when it does happen, I end up suffering losses.
Please give me advise how can solve this.
I've once been in this situation and the solution is for you to work on yourselves, you are being emotional, and you need to enforce discipline in your trading. To achieve this, you need to fight for it through determination to only do what you want to do. This might take time, but I am sure you will be fine if you are serious about it.This happens occasionally. When the market reaches a significant level in our favor, I feel that it's time for it to reverse and go down—even without any specific signals. Conversely, when the market keeps declining, and I anticipate further drops, I still can't resist opening a long position. It's not a regular occurrence, but when it does happen, I end up suffering losses.
Please give me advise how can solve this.
Just know that the trend of the market is the right direction of the market, that is what you have to follow if you do not want to trade against the market, as you called it. You can do this by shunning the swing trading, and the channelling/sideways/range markets and using the support and resistance strategies to only guide your path towards the trend of the market only for you to know the moment of retracement/reversal to avoid trading them. All these strategies I instruct you to avoid are equally good and profitable for some traders, but in your case, you can only help yourself with a definite trading approach, which is the trend trading approach.
Above all, the trend is supreme in the market, you can earn 95% of your trades if you are patiently and cleverly waiting for it.
