Why The Trend Is Not Always Your Friend

In today’s episode, we discuss why the trend is not always your friend when it comes to trading. There’s an old saying in the financial markets that the trend is your friend, meaning that you will do well as long as you place your trades onside with the current price trend.  The only problem is that you can never know what the current trend is -  you can only know what the trend was during some prior period. This can provide a false sense of confidence for new traders because the cleaner the trend, the more confident trader will be with taking a position In fact, many new traders take breakout trades “in the direction of the trend” only to see the market reverse on them and stop them out time and time again.  The trend can be your best friend if you are able to identify it in the early stages of development before the expansion phase of the mark-up phase and get in with low risk and high reward potential. Stick around for the full episode to get some great insight on why the trend is not always your friend and how you can put yourself in the best position to capture the most profitable phase of any trend   Resources Enjoying this podcast? We'd appreciate it if you can drop us a rating and review on iTunes here  Connect with our community online: Trade Pro Academy Catch up with our earlier episodes: Mind Over Markets Podcast Join our FREE trading chat here

Om Podcasten

Mind over Markets is a weekly show hosted by George Papazov from TRADEPRO Academy. With over 20 years of experience trading the markets, George breaks down and dissects common psychological obstacles that all traders face in their journeys and provide actionable advice and tips to overcome these challenges in order to level up your trading performance. Whether you struggle with FOMO, recency bias or even controlling your ego while trading, the goal of this podcast is to become your go-to resource for building a bulletproof trading mindset! Learn how to take control of your trading psychology and start trading in the zone because you deserve it!