Contrarian trading is a method that only profitable traders can make money with
Contrarian trading is truly profitable for skilled traders, but
basically, most traders are not good at contrarian strategies
yet most traders believe they are good at contrarian trading
because it is easier to make money
because it’s easier to earn, many people misunderstand it
and most end up getting burned
I’ve been saying that the market is difficult all along,
and in reality, the traders themselves make the market difficult
the trader should not become the market’s enemy but make the market his ally
to become an ally of the market, following the trend in a bullish/bearish trend is best
contrarian trading is the market’s enemy, so when a trend emerges, it’s hard to cut losses
because failing to cut losses is overwhelmingly common
therefore, following the trend rather than contrarian trading ultimately makes more money
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