📈📉 I lost $5,400 trying to be a genius and counter-trend trade. Don't be like old me. For retail traders like us, trading with the trend is your survival guide. Our smaller capital can't absorb the violent whipsaws of trying to pick tops or bottoms. Trends offer higher probability entries and clearer exits, significantly reducing stress and increasing your win rate.
Identifying a trend isn't rocket science. For an uptrend, look for clear Higher Highs (HH) and Higher Lows (HL). Price will generally stay above key Moving Averages like the 20 or 50 EMA. Conversely, a downtrend shows Lower Highs (LH) and Lower Lows (LL), with price remaining below those MAs. Your simple rule: only long in an uptrend, only short in a downtrend. No heroics trying to call the exact reversal point.
For...
Identifying a trend isn't rocket science. For an uptrend, look for clear Higher Highs (HH) and Higher Lows (HL). Price will generally stay above key Moving Averages like the 20 or 50 EMA. Conversely, a downtrend shows Lower Highs (LH) and Lower Lows (LL), with price remaining below those MAs. Your simple rule: only long in an uptrend, only short in a downtrend. No heroics trying to call the exact reversal point.
For...