One of the trading rules: Follow the major trend and go against the minor trend
Following the major trend and going against the minor trend is a trading strategy that involves opening positions in the direction of the larger timeframe trend while entering during small corrections or rebounds within the larger trend.
Simply put, for example, if the major trend is upward (big trend), only take long positions; when the price experiences a short-term decline for a minor correction (small trend), buy on dips against the trend, which not only aligns with the long-term upward direction but also allows for entry at a better price.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2 Likes
Reward
2
2
Repost
Share
Comment
0/400
MingW
· 4h ago
I held the phone upside down and looked at it the wrong way.
One of the trading rules: Follow the major trend and go against the minor trend
Following the major trend and going against the minor trend is a trading strategy that involves opening positions in the direction of the larger timeframe trend while entering during small corrections or rebounds within the larger trend.
Simply put, for example, if the major trend is upward (big trend), only take long positions; when the price experiences a short-term decline for a minor correction (small trend), buy on dips against the trend, which not only aligns with the long-term upward direction but also allows for entry at a better price.