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USDollar

03/06/19 9:42 AM

#278526 RE: RTMidgetman #278524

trading against the trend is for the stupid and for the rich (particularly)

the stupid is doing it because is tricked into doing it
and the rich can afford it

the only position we the regular people can take against the trend is CASH
It hurts to be in cash while the market moves on (and wait for dip to enter), but would hurt 1000 times more if you are in against the market

EVERY SINGLE ONE traded against the market
I'm super-guilty myself

the trick is to learn the lesson, lick the wounds, and move on to the right way

... until you're rich and can afford "excitement" ;)

addressing your last paragraph:
Take trades that would agree on BOTH , chop and trading chart
So , providing that you think the trend is up, taking a trade long at the bottom of the range would agree on BOTH, the range trading as well as on the (bigger) trending chart.
Then at the top of the range the trade should be cashed out since the trade will be left with only one piston pumping (increasing risk), or managed with a trailing stop

So chop is not all that bad to see, only unnerving when it happens.
Market trading above or bellow chop is good stuff trending-wise