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i wonder if its bad that i trade counter trend trades much better than with trend trades? i just see the counter trend trades, or 'failures' of the current trend setups much better.. i know i trade a scalping style, but even in the 4/6 tick world, there are trends..
what are you guys thoughts on this?
also, im not sure if this is the correct place for this post..
dont believe anything you hear and only half of what you see
¯\_(ツ)_/¯
(╯°□°)╯︵ ┻━┻
Can you help answer these questions from other members on NexusFi?
Countertrend trading can work very well especially if trends are weak. I find can work well in a choppy market. But nothing like a good trend trade in my opinion. Both work both are good depending on setup.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
Counter trend are always riskier so you can only aim for small gains as sometimes markets reverse very quickly to daily trend. If you feel this suits you then go ahead as most important thing is to make money at the end of the day.
I think one key to counter trend is to try and identify strength of trend. To do trade against a strong trend is like getting in front of a locomotive.
I have a a few counter trend strategies that have a very high win rate.
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
"The day I became a winning trader was the day it became boring. Daily losses no longer bother me and daily wins no longer excited me. Took years of pain and busting a few accounts before finally got my mind right. I survived the darkness within and now just chillax and let my black box do the work."
definitely trade what you trade well - I totally agree...something different is when you feel inside that you don't want to trade this way...trading needs to be done without presure..