Trading the Trend Podcast – EP016 – Locking in Profits

Many traders struggle with letting their winners run, and so they are tempted to move their stop losses up in order to lock in profits. However, does this always work in your favour? This week Chris discusses the pro’s and con’s to using this method and looks at what makes this strategy so popular.

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.

To contact me you can reach me at the following:-

Email: chris@chrischillingworth.com

Twitter: @chrischilliuk

Facebook Group: https://www.facebook.com/groups/tradingthetrend/

 

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