Trading has a culture of prediction deeply embedded within it. Most beginners assume that predicting financial markets is the only way to succeed and make any money. In this weeks episode I want to address the dangers of predicting, and ask you to consider whether predicting is working for you and other 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.
—————————————————————–
My FREE Newsletter goes out daily and contains high value ideas, tips and strategies to help improve your trading results. No fluff. Just great value.
I do not send SPAM.
