Contrarian trading is useless and will only lead to losses if you lack the ability to switch strategies.
The switching power is almost necessary
Without it, you’ll just be losing
This is proven on trading sites
When a trending market comes, you just repeat losing
If your reason cannot keep up with this, I recommend switching to a trend-following approach
You don’t have to take everything in the market
Just do it in your strong area
Both trend-following and counter-trend can be profitable
However, unless you specialize in one, it’s difficult for intermediate level and below
There isn’t as much profit gap in universal trading as people say
I am confident that it’s better to have a strategy specialized in one side
Among them, I like trend-following
Because when a genuine market with a trend appears
it immediately returns profit
Whereas it used to be about rewarding losses
In a trending market, losses are offset and you can book a profit
Counter-trend is the opposite strategy
If you don’t have the ability to switch, you can’t earn
If you do have the ability to switch
Anyone can earn money
That small part leads to all profits
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