This bad habit will cost you a lot in trading - page 3.

GreatArkansas

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

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Do you only trade according to the trend or you counter-trend trade from time to time?

I'm with you OP, I trade with trend also because I already tried several times countering the trend.

For example, there's a huge dump and you are aiming to buy the dips. So, you keep buying the "dips" where you were positive that's already the dip but after that, the price went dumped again and again, it's like you are catching falling knives.

Rruchi man

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

Every trader sees the trend and understand the direction the market is going this is why the trend works. If you go against the trend as a trader, you're really just doing yourself and risking your capital because the trend is your friend.

Trading an upward or a downward trend may require different strategies and techniques, as a trader, your ability to identify the trend, or a trend really matters, because it can help make clear your trading decision.

Finestream

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Quote from: YOSHIE on August 20, 2024, 09:30:27 AM

Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

I don't think there is anyone who trades against the trend and I haven't found any friends or investors that I know who trade in the crypto market against the trend, In fact, to my understanding, market trends are a concept that must be understood fundamentally because it concerns money and the movement of prices of our trading assets in securities within a certain period or time.

As far as I know, anyone involved in trading activities in the crypto market, the main thing that needs to be understood is market trends, analysts and the direction of the trend to determine or draw mature conclusions in trading on the crypto market.

I have to agree. No one trades and go against with the market, but the problem is some of new traders do not actually know when to trade in favor of the market, as they only trade following their own vibes hoping to get quick profits if ever their trades turn into success. They instantly rush into trading without weighing things if there is high rate of success afterwards or trading at the moment seems unproductive at all. And when they lose, they’ll only learn that their trades do not even follow the market trends but they’re trading against the market.

Natalim

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

One who decides to trade against the market trend is obviously not a real trader. You need to trade in accordance with how the market moves, so that you will end up with trades favored by the market, not actually going against it. Now if you think you could win by taking revenge on the market, you are very wrong there, no one wins and makes desirable profits if you trade not following the market trends and sentiments.

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

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Do you only trade according to the trend or you counter-trend trade from time to time?

There's a famous quote that traders and those expert in technical analysts are using and that is "The Trend is Your Friend".

Even the expert traders aren't trading against the trend because it will give them huge losses. I tried it one time personally when I'm trading in futures. I tried to trade against the trend and I end up losing a portion of my capital. I already put a stop loss before I did it that's why I didn't lose all of my capital, but for those who are thinking to try it, I don't know if there's a way for you to make up profit even though you're going against the trend. Even though we are saying that we should not trade against the trend, there are still some who are accidentally trading against it because they don't know how to read charts. Cheesy

Overall, as much as we are saying that we should not make trades that are against the trend, there will still be traders especially those newbie ones that will do it without them knowing it. Cheesy

el kaka22

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Trading against the trend could actually be very good, because when people are selling, that is exactly when you should be buying and when they are buying that should be something that you need to end up selling. So that means trend chasing isn't always that great, while it can bring in a short term profit, the long term is doing the exact opposite in most cases. This is why there is an index called fear/greed, that means if people are greedy the index shows greed and that means you should be selling and when the index shows fear then you should be considering to buy.

This is literally what doing the opposite of the market means and you should be considering that as the most important part, there is nothing wrong with that. I do believe that we are going to make some profit if we do the opposite of what people are doing because in most cases people do not know what they are doing and they are wrong, so it would benefit to do opposite of them.

Peanutswar

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One of my mistake during my newbie days are making a trade against the current market state which cost me more losses. If the market is in a signal of a down trend better to go with it and not against with it because people keep getting FOMO reason to make a panic sell and panic buying and if the pressure is too much you will just liquidated to cut your loss and make another position. It's the same to go with the flow you will get hard if you are swimming against the current. Always stick with the strategy works on you.

pusaka

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Quote from: shawonngp on August 20, 2024, 09:10:00 AM

Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

Even also professional traders will never want to trade against market trend, it's high risk trading and loss will confirm, so how dare a trader will go to trade against trend? in spot trading you can not successful trade if counter trend trading. I am following market trend specially in short term trading.

It is very risky when we trade against the trend, we can do it but we must also be prepared for the risks that we will feel. Some people may go against the trend, for example when the market is down they will continue to trade and enter long, but usually they also have a lot of backup because when the market goes down again they will re-enter at a lower price. A much stronger mentality must also be had, because we will likely see much greater losses. Not many people do this and also when they dare to do it then they will be ready with large capital and they will certainly be very prepared for the losses they will face. So this depends on our choice, but I personally prefer to follow the market trend.

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

I would say that it depends on the type of trade. I don’t always do it the same way between one type of trade and the other.
A reminder that I always remember from experience is that all types of trading have risks. If you are acting as a trader, the answer is already there. Trading against the trend is high risk.

YOSHIE

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

I don't think there is anyone who trades against the trend and I haven't found any friends or investors that I know who trade in the crypto market against the trend, In fact, to my understanding, market trends are a concept that must be understood fundamentally because it concerns money and the movement of prices of our trading assets in securities within a certain period or time.

As far as I know, anyone involved in trading activities in the crypto market, the main thing that needs to be understood is market trends, analysts and the direction of the trend to determine or draw mature conclusions in trading on the crypto market.

shawonngp

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

Do you only trade according to the trend or you counter-trend trade from time to time?

Even also professional traders will never want to trade against market trend, it's high risk trading and loss will confirm, so how dare a trader will go to trade against trend? in spot trading you can not successful trade if counter trend trading. I am following market trend specially in short term trading.

SquirrelJulietGarden

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Quote from: laubeaud on August 20, 2024, 04:00:06 AM

As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Trading includes different types. Trading with a long term trend or medium trend is what you meant. There is another trading type that does not care too much of market trend. It focuses on very short term trading but when a trader applies this trading type, he must zoom out to see the market trend in order to assess the market in general. If assessment gives some signals that market will have big movement soon, no matter up or down, he must step aside and keep watching the market. When a big market movement occurs, he can start his trading and enjoy market wild volatility after a big correction or crash.

Quote

Do you only trade according to the trend or you counter-trend trade from time to time?

Nope, trading against market trend is very dangerous especially trading with leverage. High risk takers will want to use leverages for making Short or Long positions and trade against the market trend but it's not recommended for newbies. It's risky and dangerous.

laubeaud

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As a trader, know that the market trend is not your enemy; it must be your friend. Avoid trading against the trend. Following the market trend is crucial when trading because it helps you align your trades with the overall direction of the market, increasing your chances of success. Trading against the trend is risky and can result in losses, as you're fighting the market's natural movement. By identifying and following the trend, you can enter trades with momentum on your side, ride the wave of price movement, and make more informed decisions.

Do you only trade according to the trend or you counter-trend trade from time to time?

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