Don't Fight the TREND

As PRICE continues to churn its way higher, I have seen many traders trying to short the top. I am also guilty of that sometimes. But for me, when I take a counter-trend trade, I make sure that my stops are tight - and I mean tight. It is best to put in your stops. I would never recommend anyone leaving their positions wide open. Because with every higher step PRICE takes, it hurts your pocket/