the psychology of reversing a trade is a good talking point. For me the reasons to book profits (get out) are never normally enough for me to take a trade in the opposite direction. I could see how some scalpers might use this though. For example if there is an bullish opening drive from the open and then a bleed back to the opening price, this could be a signal for a bullish potential scalp from the opening price. If price isn't able to hold that opening price I can see why a lot of traders would want to reverse their position. For me personally I trade better when I wait for price to come to me rather than chase the market so I am unlikely to venture into these insta-reverse trades. GLGT
I go with this general train of thought. Nevertheless when I am taking a contra-trend reversal and the move fades, it is invariably a pull-back in the direction of the trend and therefore is by it's nature a good opportunity to get in from a considered PoV.
Nevertheless I do not do it.
To be frank, I would not try this without forward testing for a while anyway but I am intrigued by whether the bias to not do it is a function of an untested trading strategy or it is something more intrinsic like not immediately putting myself into another trade immediately after closing one out.