#TrendTradingStrategy
๐ Trend Trading Strategy 101
Trend trading is about riding the wave โ identifying and following the prevailing market direction, whether itโs up or down. The goal? Enter with the trend and stay in as long as it lasts.
โ Key Elements:
Identify clear trends (higher highs & higher lows for uptrend, lower highs & lower lows for downtrend)
Use moving averages or trendlines for confirmation
Let winners run, cut losers short
โก๏ธ Pro Tip:
โThe trend is your friendโฆ until it ends.โ Always watch for trend reversals and protect your profits with trailing stops.
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