Part 48 | Go with the trend
One of the oldest sayings in trading is: “The trend is your friend.” In an uptrend, look only for buying opportunities. In a downtrend, short or stay out. Swimming against the trend almost always costs you money.
How to apply it:
1. First, determine the trend direction on the daily chart
2. Enter only in the direction of the trend, never against it
3. Don’t reverse your position until there are clear signs that the trend has changed
Remember: Those who fight the trend don’t defeat the market—they defeat themselves.
Follow 👇
One of the oldest sayings in trading is: “The trend is your friend.” In an uptrend, look only for buying opportunities. In a downtrend, short or stay out. Swimming against the trend almost always costs you money.
How to apply it:
1. First, determine the trend direction on the daily chart
2. Enter only in the direction of the trend, never against it
3. Don’t reverse your position until there are clear signs that the trend has changed
Remember: Those who fight the trend don’t defeat the market—they defeat themselves.
Follow 👇