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Originally Posted by jasperforex
Brilliant article that everyone should. Trading against the trend can be highly profitable if you know what you're doing. I do exactly that and my system has never lost me a penny. It's all about steadily getting in after the trend is dying.
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The problem I have with contrarian trading is that usually I find I'll profit much more if I
follow the trend, rather then try to
fight it.
Although I'll admit it does have it's benefits/merits as a trading style. It does wonders for your ego, and makes your trading statement look very pretty!
Good Trading,
Sundance