How can I stop trade Against the market?
How can I stop trade Against the market?
Sometimes I find myself trading against the market, swimming against the tide!
This happens occasionally. When the market reaches a significant level in our favor, I feel that it’s time for it to reverse and go down—even without any specific signals. Conversely, when the market keeps declining, and I anticipate further drops, I still can’t resist opening a long position. It’s not a regular occurrence, but when it does happen, I end up suffering losses.
Please give me advise how can solve this.
Experienced investors sometimes do this like tend to buy more in bullish times whereas ordinary investors like us tend to overbuy and buy in bearish times. When the market starts to fall, some investors get scared and they think that the price of the currency may go down further and they withdraw their holdings due to that fear and refrain from buying more.
In my opinion, most experienced investors prefer to continue buying in every price trend and get more profit during the right bullish period. Swimming against the tide means embracing higher profits and staying ahead of risk-free investing.