^^^ LOL
Following the trend is indeed no guarantee of success, but, used in conjunction with a good trading system (which are very rare), it does indeed increase your odds of doing well.
As far as avoiding a massive reversal, well-placed stops can help minimize your risk.
PS -- HAPPY NEW YEAR!!!!
QuoteDislikedDon't know how people go with or against a trend with any level of assurance. I am never sure or reasonably sure about the trend. As soon as you embark on a mega trend to ride a little on it, it gets 50% retrace exactly from your entry.
Following the trend is indeed no guarantee of success, but, used in conjunction with a good trading system (which are very rare), it does indeed increase your odds of doing well.
As far as avoiding a massive reversal, well-placed stops can help minimize your risk.
PS -- HAPPY NEW YEAR!!!!