Please keep in mind
"Trading with the trend, also known as trend following, is an objective in a trading plan that involves taking positions in markets in the same direction as the dominant trend. The idea behind this is that trends in the market tend to persist, and following the trend can lead to higher profits than attempting to predict market reversals.
Traders who follow this strategy typically use trend analysis tools, such as moving averages or trend lines, to identify the direction of the trend and make decisions about when to enter and exit trades. This can involve taking long positions when the trend is bullish and short positions when the trend is #bearish.
Traders need to have a well-defined #RiskManagement plan in place to mitigate these risks and to have a solid understanding of the markets in which they are trading. Additionally, traders should be aware that trends can change and be prepared to adjust their positions accordingly.
