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.
- Tom Heine
- When I started trading back in 1998, fundamentals were important as well as P/E ratios, when making my trading decisions, they still are for long term investments, but after reading countless books about stock trading, investing, technical analysis and subscribing to every known stock trading site there is around and by trial and error, I evolved into a technical trader. I started this blog to share my opinions on trading the SP-500
No comments:
Post a Comment