The Hardest Thing About Trend Following
So many investors and traders think they can learn a trend following technique…or learn a trend following system or a trend following indicator and think they can start banking money. This is not reality….
Firstly trading is very tough. That is why only so few can be consistent successful trend followers. I teach traders one on one how to overcome the issue of over riding one’s trading rules….
Recent email exchange
Let me know your thoughts
Hello XXX…I wanted to know how you are feeling after selling yesterday…it is like Murphys law that the market is up today….this is why we need rules…and yes…this is very hard…and that is why I am here to assist you…
it was ok, I last $139, which I don’t care. With your approach I will lose much less then I was trading before. Today I bought QLD again, at 114.07 (open), 29 stocks.
My WellsFargo account did not have commissions, which allow me to buy and sell as much as I can.
My question was because it seemed you did not follow the plan…would like to understand…
agree, did not follower plan
This is what makes trading so hard…changing ones trading plan…over riding the trading plan. The only way to become a successful trader is to follow the plan, accept the outcomes ahead of time, have hard stops, have risk management, accept the uncertainty, accept the fact that any one trade should not matter. It is all a numbers game.
If you need personal help with your trading, I can assist you in an on going mentoring program as well as hourly one on one private mentoring. You can email me at Andrew@TrendFollowingmentor.com