【Question】Do you think breaks are an element in trading? I think they cause opportunity loss【Answer】
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Trend Following: How to Fully Target Buying on Dips and Selling on Rallies Using Long-Term and Short-Term Timeframes
【Questioner】
Do you think rest breaks are necessary in trading?
I think they’re fine for part-time traders
But for full-time traders, I feel it leads to missed opportunities
【Answer】
I believe rest breaks are necessary
This also depends on the trading method
In trend-following with initial trend formation, the element of resting is relatively minimal
Because you’re basically monitoring while following the trend
The element of rest is strongest in contrarian strategies
Nanding (averaging down) in contrarian trades requires careful judgment on when to cut losses if a trend emerges
If the trend continues after that
Then it’s better to keep taking breaks smoothly
Where you rest depends on your trading method, so it’s not something you can say universally
However, essentially taking breaks helps your mindset endure
Discretionary trading is the basic technique to generate profits, so
I think incorporating breaks will improve your trading and sharpen your skills
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