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.
It seems you’ve listened to a motivational speech about trading and looking for that one big win that will make you to have confidence in your trading from that point. The truth of the matter is that you can’t just be feeling the market, you’ve to be sure that it’ll go to that direction before you enter the trade. The only way you can achieve that is by having a strategy that’s works best for you. If your strategy is been respected often, take that trade as you never can tell which one can give the big win. Market is not about thoughts, stop thinking it’ll go your direction just because you wish for it to go or that direction is what will give you a win, learn the strategy and when it works, apply it to all of your trades.
I think he is trading with a fairly panic soul, there is no strategy at all with what he told me, he still trades with his intuition not from the strategy or analysis made before trading, and if I look further at the character of trading like this under 4 hours, I am quite sure of it, because with a short time frame the trend line will be far more fluctuating and there will be little time to analyze and can only rely on emotions and feelings to take positions, I see him hesitating a lot in making decisions and when he does he loses.
I agree that it is better to apply a strategy in trading, at least 1 strategy but you master it than to have many ways but only know without being able to recognize the strategy.