When trend following goes well it goes well, right up until the time it doesn’t….
Trend Following Explained In An Image
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When trend following goes well it goes well, right up until the time it doesn’t….
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Yes that is true Chris and that is why it is not an approach for novices.
1. You have to know exactly what you are doing.
2. You must obey (as usual) the stops that you set accordingly.
3. You need to ignore the criticisms of others who do not understand the techniques that you are using.
Strangely enough these three points are also applicable to successful trading / investing in general.