Rise of the Mid-trend Trade

Karen Wong and Daryl Guppy

Chapter 9 in Stocks and Forex Trading:How to Win, 2021, pp 69-72 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Many traders believe the trend is your friend. Like any good friendship and any good trend, where it might end is anyone’s guess. Taking a trade at the very beginning of a trend on the assumption it will take off is a high-risk activity but it offers the maximum profit potential. Waiting to enter a trend after it has had some time to establish itself increases your probability of achieving your Profit Target but reduces your overall profit. Managing these conflicting expectations is a challenge for all traders. Go for the large profit or go for safety and a smaller profit?…

Keywords: Trading; Stock Trading; FX trading; Currency Trading; Forex; CFD; Security Trading; Trading Games; Daryl Guppy (search for similar items in EconPapers)
JEL-codes: G1 G11 (search for similar items in EconPapers)
Date: 2021
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