While waiting for VWB reversals, I got a whim to start a system on Collective2 that just runs with the trend on all 10 pairs tracked by default on C2. I started it a couple days before the end of last month. I called the system "Monthly Position."
I kept track of everything on a spreadsheet. The system, if I would not have set any stoplosses, would have been up 30% by now. The system I actually followed, which includes stops, is only (only?!) up 10% or so. That's 10% in less than a month, and from the beginning it went against the advice of the tunnel methods. During this time I lost money doing short-term breakouts and price action but gained money simply by following the trend.
I've found this to be true over and over again: Always follow the trend. The GBPUSD position has been the flagship of Monthly Position and has earned over 800 pips in this brief time period.
On the other hand, I truly feel the anti-dollar trend is wrong, that it has already started to reverse, and that I don't want to have all my positions stuck either for or against the dollar. It sucks that I'm putting my money on crap I don't believe in, but it's making me more money.
Is swing trading purely psychological, or is long-term trading a time-management technique that sacrifices short-term profit?
I kept track of everything on a spreadsheet. The system, if I would not have set any stoplosses, would have been up 30% by now. The system I actually followed, which includes stops, is only (only?!) up 10% or so. That's 10% in less than a month, and from the beginning it went against the advice of the tunnel methods. During this time I lost money doing short-term breakouts and price action but gained money simply by following the trend.
I've found this to be true over and over again: Always follow the trend. The GBPUSD position has been the flagship of Monthly Position and has earned over 800 pips in this brief time period.
On the other hand, I truly feel the anti-dollar trend is wrong, that it has already started to reverse, and that I don't want to have all my positions stuck either for or against the dollar. It sucks that I'm putting my money on crap I don't believe in, but it's making me more money.
Is swing trading purely psychological, or is long-term trading a time-management technique that sacrifices short-term profit?