Learn From Experience when Trend Following

You have a choice…you can learn from your own mistakes while trend following or you can learn from others. Preferably I chose the later. One of the best ways to learn while trend following is keep a trading journal.Write down what you learned about the market from the trade. This reinforces your rules and makes sure you followed your trading plan. If you broke your trading plan and the trade was profitable realize you on the road to failure not success. It is better to have a trade not work in which you followed your trading plan as a pose to the contrary.

The key to trend following and trading success is you methodically record market lessons as they occur.

Sadly more traders who experience trend following do not want to do the hard work. These traders seek a tip or want to read an article what to do with a particular trade. You need a complete plan..

What you need to buy or sell

How much to buy or sell

When to get out with a loss or profit…

It has to be easy to follow and the trading plan you must believe in…

Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

Be Sociable, Share!

2 comments to Learn From Experience when Trend Following

  • Probir

    Trading is a serious business, without maintaining of proper records of each and every trade
    is just wasting of money, time, energy. Actually every trade is teaching us something, whether it is good trade or bad… profit or loss.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>