Instead of trying to re-invent the wheel with our trading systems, why don’t more of us stand on the shoulders of giants and learn from those who walked the walk and got the results we are looking for? Human psychology suggests we make emotional decisions rather than logical ones. I for one believe that beginner traders who try and build their own systems are making an illogical decision that can lead to ruin. Instead you should invest in yourself for big returns.
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.