Never trade against the trend

[faet]

Whatever time frame you chose for trading, never go against the trend.

I find generalizations such as "Always/Never go with the trend", etc. quite simplistic. In this case, the qualifier "whatever time frame" does not help.

There are countertrend trading techniques such as ultra short-term scalping which work well in certain markets, as long as one knows the product being traded and its pressure points.

There are several ways to skin a cat.

 

[Turveyd]

So don't bother to get funded by them then, cause 1 bad day and your gone!!

Don't think any trader in the universe bats 100% perfect, zero bad days.

 

[Guibbv2011]

So don't bother to get funded by them then, cause 1 bad day and your gone!!

Don't think any trader in the universe bats 100% perfect, zero bad days.

Yes, we all have bad days but we have to be professional and use risk management.

 

[SunTrader]

Image shows ... 9 trades?

 

[murray t turtle]

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.

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

I am going to be more careful in the future.

%%
LOL/ '' watch every move'' They most likely don't have time to ''watch every move'' Sure, compliance dept has to be aware of what you are doing sometimes. Be careful trading with trend/profits can make one careless.
NOT a prediction.

 

[Liberty Market Investment]

nice info.

will you be posting more of these including those who did well?

Sure. See how another funded trader dealt with Gold the very same day.

1. Globex trend established.
2. Trade continuation entry performed.
3. Exit at the very low of the day (more of a luck though, but obviously he was mindful of a support level below)

As a result - $1,300 put in his pocket!

 

[SunTrader]

Sure. See how another funded trader dealt with Gold the very same day.

1. Globex trend established.
2. Trade continuation entry performed.
3. Exit at the very low of the day (more of a luck though, but obviously he was mindful of a support level below)

As a result - $1,300 put in his pocket!

Looks to me like they got lucky - if I am reading those red and green arrows correctly.

They went short. Went immediately against them. Covered at the top of swing. Then immediately went short again? Correct?

 

[ElCubano]

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

But what he meant was “Everyone has a plan until they get their ear bitten off”

 

[Liberty Market Investment]

Looks to me like they got lucky - if I am reading those red and green arrows correctly.

They went short. Went immediately against them. Covered at the top of swing. Then immediately went short again? Correct?

Yes you're right, this trader has tight stops. Moreover, it is tight stops that allow him to do a re-entry without risking to hit the daily loss limit.

As a rule, tight stops is a winning tactics when trading leveraged products like futures. That's why this particular trader wins.

 

[Liberty Market Investment]

There are countertrend trading techniques such as ultra short-term scalping which work well in certain markets

Try to survive as an ultra short-term scalper for any considerable amount of time!