Post
Topic
Board Trading Discussion
Re: How can I stop trade Against the market?
by
Dewi Aries
on 20/09/2024, 17:59:31 UTC
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 think it is natural that most traders experience the same scenario as you, especially when they are still in the beginner phase trading with little knowledge, and in the scenario I am sure that one of the reasons you swim against the current is because you feel that it is time for the market to reverse, I have also been fooled by this situation when the price is in the resistance or support area which makes me end up with a loss.

Therefore, for a beginner trader, I think it is more advisable for them to trade using the method of following the price flow if they do not have many strategies, you can measure the previous resistance and support points using horizontal lines or trend lines that have been provided by the trading platform you are using and when the current price is in the middle between support and resistance then I would say that it is an area that is still safe to follow the flow.
And if you do prefer to trade against the current, then the only way is that you have to learn about scalping techniques, never trade without knowledge.