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If you are looking to succeed in trend following and be able to trade for a living, Follow these rules: 1. Do not pay attention to widespread public opinion. Even if correct, it will usually delay the move. 2. From a period of dullness and inactivity, watch for and prepare to follow a move in […] I am teaching Trend Following to give back. Besides my website I have a book coming out soon with Wiley books that really encompasses all aspects of trading is my way of helping new and aspiring traders. There is way too much hype by people who are not even traders out there which is detrimental […] How much risk per trade? You must decide this important issue. Trend follower & professional traders risk .05% to 5% of capital per trade. The 5% I think is an accident waiting to happen. You must fit this figure to your system. Do you understand your risk? Do you Systems trade? Is my system discretionary […] This statement Losers Average Losers Is not for successful Trend Followers. This is a famous note on the computer of Paul Tudor Jones. He is not alone,Jesse Livermore warned 100 years ago against averaging losses. You can not avoid losses. The only thing you “Try” to do is to mitigate them. You have […] Define your own Trend Following success, you must answer the questions: Who am I? Why do I trade? How do I prepare? What are my beliefs about myself? About trading? Am I ready to handle the pressures of trading? When I first started my journey with Trend Following I had a big learning curve. I wanted to know who was making money and being the 10 percent that were successful trend trading. One of my first conferences I went to featured Victor Niederhoffer as a guest speaker. Niederhoffer was extremely successful and even managed […] I believe most traders really make mistakes due to either their fear or greed when algorithmic trading. There is this illusion or lure of supposed “Easiness or Easy money” out there. Why waste any time planning or working. I have heard that “I can buy a Forex robot and grind out the profits”. I chuckle […] |