• If you’ve had a string of bad deals, you might want to give counter-trading a try.
• Traders need to learn to go against their natural tendencies.
• You can “fake it until you make it” by going against your natural inclinations.

Many cryptocurrency traders go into a losing streak where each trade goes against them. However, the vast majority of new participants in the cryptocurrency market lack experience, unlike those who are more experienced. In a bull market, anyone may make money, but true investors emerge when the market is volatile or declining. The whales, market makers, and professional traders eat up the inexperienced traders for breakfast and then spit them out. If you’re a rookie trader who consistently comes out on the losing end of transactions, counter-trading yourself is a strategy that may work in the short term.

You’re Throwing Money Away by Trusting Your Gut

So, how does the concept of self-counter trading work? It’s simple: if your gut has led you to lose 10 deals in a row, going against your intuition will likely lead to better results, at least in the short term. You aren’t a lousy trader because of this; rather, you haven’t yet adopted the trader’s perspective, which is counter to that of a newcomer. You are not a professional trader, so even if you made a fortune on SHIB in October, the market will get you eventually.

There’s a solid reason you’ll be exposed in the end. In the crypto market, retail investors and inexperienced traders make up the vast majority; therefore, seasoned traders, especially whales, prey on their emotions. They anticipate when inexperienced traders will make their first purchases and sales, and they respond accordingly.

Fake It ‘Till You Make It

You’ll never catch up to the pros in the market since you lack the knowledge and expertise to compete with them. It’s easier said than done to ride on their success by adopting their way of thinking. However, pretending to be successful is a good first step.

When you make a trade based on your feelings rather than a well-thought-out strategy, you put your faith in the market and your gut rather than in yourself. This usually involves making a deal right as the market is about to turn, forcing you to either buy at the peak or sell at the trough. This isn’t a fluke or a coincidence; you’re just reacting normally, as a human being would, and that’s exactly what the traders are hoping for.

Making Deals Against Your Gut

To combat this, try acting on your impulses up until the point of execution when you’re ready to hit the button and complete the deal. Just when you are weighing whether to buy or sell, the market may quickly shift against you. This is a great example of the right way to think about trading, which is to learn to handle not only your own emotions but also the emotions of the market.

After a few successful attempts, you’ll develop the correct frame of mind and learn to trust your gut if your counter-trading strategy starts costing you more money than it’s bringing in.