Do you self sabotage your trading by tinkering with your trades? Are you glued to your screen even though you know that you have no control over what the price will do? Well, join the club of 81% of traders who do the same and lose money every week. Want to know how to stop doing those things and start winning? Check out this weeks podcast episode.
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.