Would you rather take a trade at the beginning of a trend or at the end of a trend? If you are say “at the end of the trend”,you can be either a fool (and happy to part with your money) or you are very smart!
There are only two types of trade you can take at the beginning of a trend or at the end of a trend. But here’s the thing…
know also that the beginning of a new trend is the start of another trend.
For example, if you take a long trade at the end on an uptrend, are you are fool or smart person? If you say, “fool”, you are right. Its so damn foolish to get into a long trade when the uprend is just about to end or is
losing steam and has no more momentum to keep going up!
But!On the other hand, if you take a short trade at the end of and uptrend, you are very smart! Because you’ve timed your trade entry right and you will start to make profit immediately as price starts to move down.
So before you get into a trade, you need to ask yourself this question:
Am I trying to get into a trade in a trend that is already had come a long way or the trend is just starting?
You know what the most frustrating thing is?
Its when you get into a trade and price goes nowhere or worse, the trend changes direction right where you enter! To avoid this, pay attention to what part of the trend you are entering the trade from? If its in the beginning, then awesome! If its in the middle, that’s still ok. If its where the trend is losing steam, avoid it.
Here’s what I’m talking about:
To learn more i highly recommend you get your copy of my ebook,it helped thousands of traders become profitable and it would help you too. to purchase your copy click on the link in bio or send me a private message.
The most difficult thing in trading is our ego, you have to be aware of that, your ego is your enemy, so get ride of your pide, and don't take your losses in person. losing is a part of the game, when you lose cut your loss and look for and other trade.
If you want to learn more, i highly recommend you to purchase your copy of the candlestick trading bible ebook.this ebook covers one of the most trading method in history.if you want to buy your copy, check out the link in my bio or send me a private message.