A very bad habit of any self-respecting trader is trying to "catch" a move from its start.

It's extremely difficult to get in on a trend reversal and equally challenging to catch a move up or down right from its beginning.

In fact, I once heard a saying: “Trying to catch the first and last penny ends up being the two most expensive pennies in the world.” This is due to the difficulty of catching a move from the very start. You might manage it once in a while, but not always, which means you'll end up losing more money than you make.

So, let's think a bit:
Should you open positions when you think you see a market reversal, or would it be better to try to catch the primary trend, even if it takes several attempts?

Here's a hint: Traders with losing records tend to avoid entering a move once it has advanced more than they expected.

Another point: A primary trend only has two trend reversals, one bullish and one bearish. So, there are only two favorable moments to catch the move from its start. And remember, a primary trend can last weeks, months, or even years.

If you wait for those reversals, you might spend a lot of time out of the market, or worse, open many trades thinking that any bearish move (if the trend is up) or any bullish move (if the trend is down) is a reversal, leading to repeated frustration as your stops (if you use them; you should) get triggered over and over.

So if you've figured out the solution, remember that you should only aim to Break Even without attempting a Trailing-Stop to avoid being swept out of the market. Trailing-Stops should only be used when you're sure you want to close the position, but it should be the market that closes it, not you.

Alternatively, if you're looking for a quick move in a shitcoin, remember to set a Stop Gain quite far away to avoid the temptation of wanting more profits and ending up with minimal gains or none at all as the price retraces.

So, remember, instead of looking for a market reversal or entering at support or resistance, aim to enter during the course of the primary trend when it hasn't yet reached these points (whether you're going short or long).

#Trading_strategy