Best Trading Practices & Routines 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