Best Trading Practices for Trend Followers

Best practices are those things that would contribute to your bottom line over a long period of time. These best practices are built on routines. I have the exact same routine every day for my trading. I am up at 5am down load my data and it is automatically entered into my trading platforms. Years of work is instantly automated. I manually check my orders as anything can happen. I know that when I do not follow this exact routine..I will likely reduce my profitability. Maintaining and reviewing a list of best practices can keep a trader grounded in a right mind-set.

Best trend following practices go hand and hand with a complete trading plan which tells us what to buy or sell…how much to buy or sell…and when to exit with a profit or a loss…

Past performance is not indicative of future performance

Be Sociable, Share!

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>