The biggest mistake in my personal trading history was following a counter-trend thesis to the great detriment of my capital. I’ve learned a lot since, and have developed a trend trading method. I am here to collect additional knowledge.
I can help.
I’d like to say a few words about “where I’m at”, I’m sure you’ve heard it all before. Not to sound cocky, but I am familiar with the info in the intro. My problem now is psychology after losing most of my trading capital. I know it’s possible to trade any time frame with a trend approach, I’m curious about your perspective on that. I’ve also lost tolerance for drawdown and consequently entering existing trends is difficult for me. Basically, I break even on most trades. Using my template I feel I get pretty close to turns, but turns don’t come along all that often unless day trading on very short time frames. I am currently paper trading that idea and it seems to be coming along. I’ve known about you for years, well before becoming a trend trader, a years-long process that is now reaching a pretty good stage I think. But I want to double-check my thinking and tighten up my method as much as I can, which is why I’m here.
Trend following is one thing.
Counter-trend can mean anything.