Have you ever considered trading against the trend? Did you even know it was possible to make money trading against the trend?
Yes, I said, AGAINST the trend.
Just the term “counter-trend” is enough to make some people shake their heads and wonder, who in their right mind would want to trade against the trend?
In this week’s video, I’m going to share with you a counter-trend trade that I placed on crude oil during the Asia trading session. By sharing this example with you, my goal is, to hopefully, open your mind to new possibilities in the market.
Now, whether you are new to trading or have been trading for years, you’ve probably heard the phrase, “The trend is your friend.” There are many different variations of this phrase, but they all imply you should trade with the trend.
My question to you, though, is the trend really your friend? After watching the video below, you may think differently.
Trend trades usually take a longer time frame before traders realize their profits.
Counter-trends are the exact opposite. Most counter-trend trades are opened and closed over a much shorter time frame.
How would you like to enter the market at the lows of the trading session and watch the market quickly rise in your direction?
Most counter-trend strategies allow you to enter into a trade at or very near turning points in the market. You will see this for yourself in my crude oil trade example.
After watching the video below, I hope you will understand the power of placing counter-trend trades a little bit better. And if you like the idea of reducing your risk on your trades, I suggest you start testing a counter-trend trading strategy right away!
In closing, I would like to once again remind everyone about the FREE live streams hosted by myself each week. These live streams are an excellent opportunity for traders of all skill levels to ask questions and interact with me live. Again, this experience is entirely FREE to you. So if you haven’t already signed up, why are you waiting? Please fill out the form below to be notified before any of my future live streams.