Learning From Mistakes

Learning from Mistakes

We all have winners and some we don’t like to talk about but I’ve come to the painful conclusion to TRADE WITH THE TREND. Better to stay on the side on the counter trends.

Why?

1) The counter trend move is not going to be the largest of the move and will most of the time be the smallest.

2) The trending move direction will help overcome the Bid/ASK spread AND the missing the perfect top and bottom.

3) If I am not able to nail the perfect top and bottom and I have to make up that Bid/ASK spread as in number two (above) then the Risk/Reward will NEVER be worth taking the trade.

4) The ONLY exception would be a trend reversal.

Simple but basic rules ONCE APPLIED has some nice $change$ to my account.