Is counter trend trading a disease?

[dbphoenix]

Quote from moonmist:

IMHO:
no_pm_please has offered a solid trading plan for counter-trending trading.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=20761&perpage=6&pagenumber=1

Although his advanced methods were never disclosed, he did mention few essential elements for good counter-trending setups.

In lieu of reading a thousand posts, what might those few essential elements be?

 

[MarketAddict]

Quote from Trader.Fighter:

No but it's the reason for not making any for many

Most people lose by trading with the trend also.. Making money or losing money doesn't have to do with trend or counter trend trading.. It has to do with your skills.. Supply and demand is counter trend trading, support and resistance is counter trend trading and I bet you people are using that everyday to make money.

Don't believe everything you read.. A trend trader will always tell you not to counter trend trade.. But they fail to realize that counter trend trading isn't the reason why you lose money.. Trend traders are too one minded.. Al brooks (another one minded person) would tell you not to counter trend trade..

Handle123 said it the best "For me Counter-trend is not a disease, it is a great deal of study, backtesting and firm rules."

 

[moonmist]

Quote from MarketAddict:

Most people lose by trading with the trend also.. Making money or losing money doesn't have to do with trend or counter trend trading.. It has to do with your skills.. Supply and demand is counter trend trading, support and resistance is counter trend trading and I bet you people are using that everyday to make money.

Don't believe everything you read.. A trend trader will always tell you not to counter trend trade.. But they fail to realize that counter trend trading isn't the reason why you lose money.. Trend traders are too one minded.. Al brooks (another one minded person) would tell you not to counter trend trade..

Handle123 said it the best "For me Counter-trend is not a disease, it is a great deal of study, backtesting and firm rules."

The following post by Handle123:

http://www.elitetrader.com/vb/showthread.php?s=&postid=3156762&highlight=strength#post3156762


and the first few pages of the journal by no_pm_please:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=20761&perpage=6&pagenumber=1

have given me some good ideas about how to counter-trend trade.

Just my two cents.

 

[SteveNYC]

Heck no. It's only a disease if you can't/don't make money from counter trend trading.