📈📉 After losing $5,400 trying to catch falling knives, I learned the hard way: retail traders should *always* trade with the trend. Fighting momentum is a losing battle for smaller accounts. It's simpler, less stressful, and statistically much more favorable than trying to counter-trend.
How do you spot it? For an uptrend, look for consistent higher highs and higher lows. For a downtrend, it's lower highs and lower lows. Overlay your chart with a couple of moving averages, like the 20 and 50 EMA. Price consistently staying above upward-sloping MAs signals an uptrend; below downward-sloping MAs, a downtrend.
Your simple rule: only long in an uptrend, only short in a downtrend. Resist the urge to fade strong moves. For instance, if ETH is making new highs above $4,500, pulling back to the...
How do you spot it? For an uptrend, look for consistent higher highs and higher lows. For a downtrend, it's lower highs and lower lows. Overlay your chart with a couple of moving averages, like the 20 and 50 EMA. Price consistently staying above upward-sloping MAs signals an uptrend; below downward-sloping MAs, a downtrend.
Your simple rule: only long in an uptrend, only short in a downtrend. Resist the urge to fade strong moves. For instance, if ETH is making new highs above $4,500, pulling back to the...