There are various perspectives

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Series: The Mind of the Market, Essence of Trading, Part 30

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Korean cuisine often features items that are served neatly and then mixed together to eat, but in some countries and regions it is not well received.

I think when it comes to Korean food, there are things to mix, and you should eat by mixing, but if you are handed a katsu-don and told to mix it right before your eyes, your appetite may disappear…

People see things differently, and depending on the situation, it differs.

Like the middle line where “rise to uptrend” and “drop to downtrend” are considered trend-following, it can also be understood as buying at the low zone and selling at the high zone being counter-trend.

Regarding a method of entering buys on pullbacks after an up-move, some describe it as “counter-trend within a trend.”

The new book “How a Master Dealer Fights”features Takeshi Numata (Andy).

The perception of price movements is trend-following, while the way of placing orders is counter-trend, in other words.

But in practice, the labels don’t matter at all.

Also, it’s impossible to rank Numata’s method against “picking up lows when there’s no movement.”

Each has its own strengths and weaknesses.

Moreover, even with fairly rigid trading rules, interpretations will vary quite a bit.

How things look, how expressions are used (words), how actions are taken… as long as they are coherent to oneself, that’s enough.

A casual explanation that’s all around in the market may be easy to understand and reassuring, which makes it feel correct, but in a sense, it’s something to watch out for.

Ultimately, the information that “this stock will rise” is the essence.