This week I share with you what are the different ways you can enter a trending markets, and you can decide which suits you best.
I hope you have enjoyed this week’s market analysis. As always, comments are welcomed and encouraged. Cheers!
2 Ways to Trade a Trending Market
Last Updated: July 26, 2019
By Rayner
Hi Rayner
good as usual:) thinking about your words, I guess my (and probably many of traders) biggest problem to overcome is to accept im wrong many times. I remember times when I just didnt have any SL and was expecting price is coming back to my favour. I think i blew up 2 accounts before I started to realize importance to get out from trade as soon as I could see first signs that Im wrong. Im still not perfect on this, but I have my SL on place now (sometimes I just use notification to mobile, so I close trades manually).
all the best
Janek
Hi Janek,
Yes knowing when to get out of your trades is critical.
You never want to be in a situation where price is against you and you’re hoping it goes back in your favor.
That’s gambling and not trading. Glad to see you are working on this, let me know how it goes!
Rayner
Thanks for all advice