Trend trading is not a holy grail or a hyped-up secret black box, either. Beyond the mere rules, the human element is core to the strategy. It takes discipline and emotional control to stick with trend trading through the inevitable market ups and downs. Keep in mind, though, that trend followers expect ups and downs. They are planned for in advance.
According to an ancient proverb, "failure to plan is planning for failure." Trend followers succeed because they have implemented an investment approach that focuses on risk management and strict adherence to rules.
Monday, September 5, 2011
Thursday, September 1, 2011
Death Cross
The death cross triggered this month will confirm if the market is unable to break resistance at the 50 EMA, in which case support at 1100 could be broken.
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