Embracing Unpredictability When Trading & Trend Following
In trading & trend following, we are always setting goals for ourselves and working to make them happen. This gives us focus and ensures that we use our time and energy efficiently and effectively. It also provides us with a sense of purpose and direction in our trading. We know where we are going and what we want to do. But quite often, due to forces outside our control, things do not go as we had planned. We must embrace the uncertainty when trading.
The ability to accept what is happening and let go of your original expectations is key when dealing with these unexpected turns of fate. That is why we have a trading plan which tells us;
Exactly What to buy or sell
How much to buy or sell
When to exit with a profit or a loss
Past performance is indicative of future performance