Find the Trend and Follow the Trend (trade in a manner consistent with the trend)
Today’s blog is short, straightforward and to the point. Your trade should always follow the trend. Stop fighting the trend. Meaning, if a stock is running up (you may want to wait for a pullback to long); if a stock is trending down (you may want to wait for a pop to short).
Fighting the trend is trading in a manner that is in direct conflict to the trend. I almost feel if we sat down and paid attention to our losing trades; more often than not; we were/are fighting that trend.
Understandably; there are trends within trends and the trend you pay attention to; should have some correlation to the time frame you’re the most comfortable trading. For example; if you’re a longer term trader; you might find comfort paying attention to the weekly, monthly, maybe even quarterly trend, etc.
Look at some real time examples below.
Just follow what you visually see; ensuring to pay attention to time frame.
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