Hello everyone!
I hope everyone’s trading journey is going well. There’s a consistent pattern I’ve realized in my trades that I was hoping to get some perspective on. I’ve noticed for some reason I do MUCH better with long moves than short moves. I’m a range-bound trader so I consistently put in trades that go in either direction but for some reason, I have a significantly higher win percentage with my long orders as opposed to my short orders. Any insight would be of help, thanks!
Trading long is more intuitive. we are more accustomed to see rising prices as positive, in fact any kind of graph showing a rise towards the right-hand edge is positive. Any previous experience in trading usually only confirms this bias - shares, cars, property, etc.
The uptrend is the simplest and most accessible chart pattern. Also incredibly predictive and powerful as a trading tool.
Hi,
You have not said whether your trading is in Forex (currency pairs) or stock or indices. It may or may not matter. Besides what Tommor has suggested, take a look at the fear and greed stuff, and you will see that market tend to go short an awful lot faster than they go long. Greed is what pushes markets to new highs, but fear is a far more raw emotion than greed, so what goes up slowly comes down quickly. May or may not be relevant.
Hmm. Never thought about going long like this. Will have to think about this the next time I open a trade!
I actually trade forex (JPY pairs more specifically).
Wow! I never thought about it like that. Thank you for your insight!
Here the choice is more a matter of the market than of the trader. If a trader roughly understands what can bring profit, he will make the right choice and be able to make a profit on it.
Which pairs are you trading? I think that makes a huge difference
Mainly focusing on JPY pairs. The main two I’m trading currently are NZDJPY & CHFJPY.