Although still achieved good profit in 2023, but there were a few major setbacks. Wanna avoid them in the coming years.
To implement trend based trading system. This will be the main consideration for trading action.
Meaning, direction of primary trend will be the direction of trading.
Focus on buying/longing at technical lows or buy breakout if the primary trend is up. Avoid selling/shorting.
Focus on selling/shorting at technical highs or short breakdown if the primary trend is down. Avoid buying/longing.
Hope this simple change will be able to improve result significantly in 2024 and years after that.
I have been practicing these methods in the past two weeks. Looks good.
