There is a massive amount of opinions and predictions being vomited up by websites, analysts, experienced traders and even beginners who feel they need to prove themselves in what is a very ego driven environment. But how many of these opinions on the future of stocks and markets are of any value to you? And how much is just noise? This weeks episode looks at how these opinions on the future come into play for a Trend Follower, and how to cut out the noise.
The Trading the Trend podcast was created by active trader Chris Chillingworth to share insight, ideas, tips and experience on how to improve as a trend following trader. Self described as a british bearded trend follower who likes rock music, wine and formula one racing.
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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