Quote from: shinratensei_ on October 26, 2024, 02:08:15 AM

Quote from: EarnOnVictor on October 22, 2024, 06:12:38 AM

Quote from: Sabuj_pal on October 17, 2024, 03:13:03 AM

Short selling in bull run can be dangerous, but still when I see a resistance zone I can't stop myself from short selling! what yours opinion in this case? Should I continue short selling in this bull run, or should prevent myself from doing this?

Hahaha...you will soon roast yourself alive if you continue like this. The trend is your friend and no one bets consistently against the trend and smiles in the end. It's fine if you have a good retracement strategy to back it up and also have your strict risk management attached to it. But it's certainly bad if you do it randomly without any basis/principles that make you act that way. I've argued this with many traders, they always learnt their lessons the hard way believing they could build a strategy with such a dangerous style.

good traders are trader that follow the trend, if the market is bullish just follow the trend. shorting just because we think we can know when exactly the market will reverse is foolish, the market just doesn't turn bearish in matter of hours after having full on bullrun that causes the price to go up so high.
there will always be an attempt of resuming the bullrun further from the late long position.

Well, I won't stop traders from acting the way they want because strategies vary and some traders are profiting from reversal and retracement strategies, so I respect them for it if they are good at it. But if you are not, rethink, otherwise the market will punish you severely. This brought about my emphasis on trend trading, trend trading is the simplest way of earning from the market even if you are not so good at trading. Just try to find the good trend trading system and it will be fine if you know your proper management. Still, I like to point that bullishness is not the only trend of the market, we have the bearish trend as well and you will feel sorry for the asset when the time comes, especially if it is a longer-term trend that lasts for years.