Trading the Trend Podcast – EP001 – What Makes a Successful Trader?
In the first episode of my new podcast series Trading the Trend I talk about why it is so difficult for most traders to make money on the financial markets and what makes a successful trader?
We also briefly cover the reasons why we often make the wrong decisions in our trading and why this happens, and why our brains have evolved into an environment that does not lend itself well to the stockmarket environment.
This is the introductory episode of the podcast and I hope you enjoy it. The podcast was created to share insight, ideas, tips and experience on how to improve as a trend following trader.
Trend Following is a strategy that does not make predictions on the stockmarket, but instead looks at reacting to what the price of a market is actually doing. There is no attempt to be right, on the contrary, Trend Followers expect to be wrong most of the time. They focus on killing losses quickly and letting winners run to ensure profitability.
Trend following does not utilise fundamental data to form opinions on what the markets are about to do. It is all about finding a system that works and focusing your energies on executing it accurately.
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