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To buy or sell only?

  • Post #1
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  • First Post: Jun 4, 2018 2:45am Jun 4, 2018 2:45am
  •  themanderson
  • | Joined Aug 2016 | Status: Member | 52 Posts
I've been juggling the idea of only trading one side of the market. Be a seller or a buyer only. This method is executed predominantly in equity and futures markets where most traders are buyers only - just by the nature of these markets.

I think this could be applied to FX markets with success as well. My biggest problem is FOMO. I feel the need to buy and sell at particular levels. Some times it comes back to bite me and I can take quite a few stop outs. This could have been avoided if I played only one side.

I've been considering becoming a seller only because most candlestick charts are produced by the bid which is the trigger for sell orders.

Does anyone practice this?
  • Post #2
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  • Jun 4, 2018 4:33am Jun 4, 2018 4:33am
  •  antonsatu
  • | Joined Aug 2009 | Status: Member | 420 Posts
you can open sell or buy. Why do you just want only one side? This is the advantge of trading forex. If you are able to trade bull market, you also are able to trade bear market.
Just my opinion.
Thanks
  • Post #3
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  • Jun 4, 2018 5:11am Jun 4, 2018 5:11am
  •  JmFinancials
  • | Membership Revoked | Joined May 2018 | 464 Posts
this is a good idea to avoid losses.
Help Others with GOD help
  • Post #4
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  • Jun 4, 2018 5:16am Jun 4, 2018 5:16am
  •  vladinforex
  • | Joined May 2018 | Status: Junior Member | 1 Post
In my opinion, to be a seller you have to be a buyer, in other words, a good trader must buy and sell in order to archive profit.
The big issue is finding the right moments to close the trades.
You can trade very profitable both sides of the market, but you can lose a lot of money trading just one side if you are not goldman sachs
  • Post #5
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  • Last Post: Jun 20, 2018 10:12am Jun 20, 2018 10:12am
  •  kafeldom
  • | Joined Jan 2017 | Status: Young Trader | 31 Posts
Quoting JmFinancials
Disliked
this is a good idea to avoid losses.
Ignored
How does this have to do with "avoiding losers"? The only thing you'll achieve is missing more setups and perhaps even better ones. Trading is not a one way street, you could (maybe) trade one way after you've identified a clear trend, but even this can change over time. You will not eliminate variables, you'll just have less outcomes. FOMO is bad agreed, but trading one way halves your options. This kind of trading might even make you have more FOMO because you are trading less.

These are my two cents

Good luck, good trading!
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