⚠️ Don't chase the market! Do this instead… #stocks #daytrading #learntotrade

⚠️ Don't chase the market! Jumping into a trade after a stock has already surged upwards of 20% often means buying at the peak, where profit takers are ready to sell, creating a ceiling that can quickly drive prices down.

Successful traders often adopt a counter trend strategy at key support and resistance levels. Instead of following the momentum, they identify where resistance is likely to occur as a stock climbs. This allows them to enter trades at points where the upward momentum may pause or reverse, capitalizing on the subsequent movements.

By understanding where the market’s profit-takers are likely to act, you position yourself to make trades that go against the grain, often leading to better entry points and more controlled risk management.

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