Never trade against the trend

Liberty Market Investment said:
Whatever time frame you chose for trading, never go against the trend. I'm following all our funded traders, and here's a typical example of what happens when a person is too stubborn to recognize they are going in the wrong direction:
View attachment 228990

1- Two longs taken in hope of market to reverse (no signs of reversal yet)
2 - Too scared to keep longs - let's breakeven.
3- But I'm long biased! It MUST go my way!

And then the Gold just crashes down. Unfortunately, this ruined this person's Funded Session account on the second day he began his Funded Session.

View attachment 228991

A typical mistake - and the daily loss limit is hit. The account is lost and they have to start all over.

So just a simple reminder from someone who's "watching" you guys trading "from the other side of the screen" - never go against the trend. Let the market lead you.

Good luck to all in trading!
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So you are watching our every move! How scary. I was wrong to defend brokers and brokerages.

Now I know why some people are paranoid about brokers and brokerages. If you can watch over what we trade, know how we trade, you can literarily steal our trading recipe without us knowing. :wtf:

https://www.elitetrader.com/et/threads/hiding-performance-from-the-broker-exchange.339409/

I am going to be more careful in the future.
 
ironchef said:
So you are watching our every move! How scary. I was wrong to defend brokers and brokerages.

Now I know why some people are paranoid about brokers and brokerages. If you can watch over what we trade, know how we trade, you can literarily steal our trading recipe without us knowing. :wtf:

https://www.elitetrader.com/et/threads/hiding-performance-from-the-broker-exchange.339409/

I am going to be more careful in the future.
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And this:

https://www.elitetrader.com/et/thre...roker-stealing-it.343956/page-13#post-5095790
 
gaussian said:
Wait let me get this straight. You funded this guy with $150,000 and his daily loss limit is 2% on leveraged instruments? Dude has a 2% loss, a relatively minor bad day, and gets his account removed.


...is this supposed to be promotional material. I'm not sure what the message is supposed to be here.
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Where did you get the 150k from?
 
Guys, girls, it is exactly the opposite ! NEVER go with the trend, look at this one single chart, which is 100% proof that I am right:

cherries.PNG
 
CALLumbus said:
Guys, girls, it is exactly the opposite ! NEVER go with the trend, look at this one single chart, which is 100% proof that I am right:

View attachment 229007
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I agree, when people are fearful be greedy, when greedy be fearful.

Which makes me think, why would someone from a trading firm be telling little fish in a bucket to trade with the trend???
 
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ironchef said:
So you are watching our every move! How scary. I was wrong to defend brokers and brokerages.

Now I know why some people are paranoid about brokers and brokerages. If you can watch over what we trade, know how we trade, you can literarily steal our trading recipe without us knowing. :wtf:

https://www.elitetrader.com/et/threads/hiding-performance-from-the-broker-exchange.339409/

I am going to be more careful in the future.
More...

LMI is not a broker, they fund traders on performance.

Quite hard to do without analyzing trades.
 
CALLumbus said:
Guys, girls, it is exactly the opposite ! NEVER go with the trend, look at this one single chart, which is 100% proof that I am right:

View attachment 229007
More...


My post was meant to be sarcastic ...

What I wanted to show is how stupid it is to post a single chart and make assumptions based on that one event. Everybody can post a chart and "prove", look, just follow the trend and it works, look, fade the trend and it works, look, ...

Trading is not that simple. If it would be like that, then everybody could just program the simplest bot ever and make shitloads of money. Where would this money come from ? Markets dont work like that. It is not that simple.

Just like you cannot defeat a Mike Tyson by simply saying: "If he throws a jab, then give him a good hook in the ribs".
It is not that simple. Not in boxing. Not in trading. Not with anything in life.

Or to quote Mike Tyson: "Everbody has a plan until they get punched in the face."
 
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