How do you fight with this?

T

trader1974

I think the market is going to go up.
So open the market.
If I wait to get a better price, sometimes the market quickly goes up.
If I buy when the market opens, many times the price goes down before it starts to go up.
Any ideas?
 
Don't fight the market.
The market doesn't deserve to be bashed.

Trade based on what you see from the chart.
But first, you must know what to see from the chart.

Don't anticipate what the market is going to do.
But react to what you see from the chart.
Remember to wait for confirmation from the chart.
 
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For those relatively new to trading... accustomed to markets which are only/mostly "strongly trending up".. this market must be quite the shock.

The market and its psychology has changed for now. A poster in another thread lamented that his strategy of playing "MA crossover" is racking up losses and he's confused about what to do.

1. Volatility, back and forth rather than "relentless up"
2. Sharp reversals at technical levels. Good money to be made IF you know how.
 
Trailing stop as entry and profit target to exit.
Screen Shot 2022-02-17 at 10.27.24 AM.png
 
Any ideas?
More...

It seems like you are looking for a simple solution to beating a casino.

I'm not sure what else you want us to tell you. Perhaps you should go for something predictable, like buying bonds.
 
trader1974 said:
I think the market is going to go up.
So open the market.
If I wait to get a better price, sometimes the market quickly goes up.
If I buy when the market opens, many times the price goes down before it starts to go up.
Any ideas?
More...

lol this post cracked me up.

you are essentially asking "Why doesn't the price go where I want it to"...overcoming this mindset is foundational IMO.
 
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