Are you having trouble trying to stick to your system? Are you jumping from system to system the moment a bad run hits, or are full of doubt and lack confidence in your strategy. How do we build that confidence and learn how to stick with our system? This week on the podcast we explore one simple technique which will certainly help you. One which is often overlooked by many beginner traders.
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.