Following a Trend makes Trading a whole lot easier.
Recognising and simplifying the skill of handling trends and human behaviour is the key to success in trading.
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Recognising and simplifying the skill of handling trends and human behaviour is the key to success in trading.
Stocks wax and wane through waves of trends and corrections and from there a strategy will evolve and develop through all these stock swings over time, and only after a reasonable period, can we really judge the merit of the strategy.
First and foremost, losses must be kept to a minimum and this is a factual qualification rather than an esoteric subjective thought. It is a key choice we make.
The best opportunities emerge from market fear. How do you identify it?
As we move ourselves towards the successful combination of simplicity and conviction the probabilities skyrocket and the positive mindset grows.
Good traders are like the surfboard riders who catch the wave as it breaks, they ride it hard, and hop off before it flows back into the sea.
The stop is a tool to take the emotion out of trading and provide risk and profit protection. Don’t kid yourself we all need them.
Trading is easy, it is only ourselves that make it hard.