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Follow The Trend
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Everything posted by Follow The Trend
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What is the Holy Grail to you?
Follow The Trend replied to Maxwell's topic in Market News & Analysis
The Holy Grail for me is that moment when you KNOW that a company is about to turn the corner, and you have spotted the change in trend before the masses (and completed your investment). There is no better feeling than being in front of the herd, riding the momentum, and watching the sheep follow. Then the trick is knowing when to jump off and take a profit............never easy. -
Jump on Board with your Trading Rules
Follow The Trend replied to Soultrader's topic in Trading Psychology
1. Run your winners. 2. Cut your losers. 3. Never get personal about a stock. 4. Never re-visit a stock - at some point, you will lose your earlier profits. 5. Learn how to take a lose. 6. You will never beat the market - if a stock is falling, it is falling for a reason. 7. Dont trade with money you cannot afford to lose. 8. AND never try and catch a falling knife!! There are many more rules to abide by................... -
To be a successful technical trader, you need to be able to read graphs and leave the perceived fundamental analysis out of the equation. Read the charts for the trend, but when the trend turns, dont be left high and dry. Remember, The Trend Is Your Friend. All charts talk to you, you just need to learn their language.