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.
I seems not to understand your point here and why do you think experienced investors would do that? Like I know no experience investors does that including me I can’t do that, why should I venture into the market while at the support level instead of accumulating at the dip or when there are serious resistance in the price. I think still need to re-read your statement before finally posting, except isn’t what I am thinking.
Down to op, well I can see any reason why you can’t exit the market when you see that you are losing on a long position. Usually if you don’t understand the trend or if you haven’t confirmed it properly from your analysis then I would advise to stay clear from the market and besides trading isn’t that easy also not for everyone to trade.
You can do DCA to keep accumulating bitcoin gradually and your chances of losing them are very slim instead you would be on profits immediately there’s slight change in the market.