Subscribe now and watch my free trend following VIDEO.

Learning the Hard Way… But At Least Learning!

Brazilian feedback in:

Hello, Michael, My name is [Name], I’m Brazilian 51 years old, married for 22 years, and father of five children, two graduates, one studies power engineering and two still in school. At the beginning of my 20’s, I worked for a few years with computer programming. After this, I worked in real estate for several more years, then graduated in law and worked in the consulting business area for a decade. Finally, in the last five years I worked as a branch manager of the largest Brazilian company in the field of power generators. All my jobs could be considered very good (at last, I was earning an annual salary around US$60,000, far above the national average), but did not bring me real personal achievement.

For almost the last two years, I´ve been doing operations in the financial market of Brazil, parallel to my work in power generating company, especially in operations analyzed at night, at home, after my work schedule. I read the Brazilian edition of your book TREND FOLLOWING, earlier this year, almost without stopping! I found it wonderful, but I confess that I could not understand a good deal because I still understood very little about the market… Anyway, I found something in the book that somehow I sought in all my life. Excited by I found on your book, I read some other books and searched for articles and lessons on internet about the market, technical analysis, gold, options etc. But all I found seemed almost fake, systems and techniques that only one quantum physics expert could understand! I think a good system operations should have basic and easy to understand premises, related almost exclusively to the price of assets, and be composed primarily of clear parameters of investment allocation, entry criteria and exit points in case of negative results.

I left my job in the company of power generators four months ago, and my intention was to work exclusively with financial market operations. Although most of my operations made over time, including stocks, options and futures, have generated profit, losses in a few operations exceeded all gain I got.

I´m reading your book for the third time, and this time I can understand everything (I guess!), and it all makes sense. I now realize that I made the elementary mistake of wanting to win first and then learn how to win. I lost a lot of money in senseless operations, some made without the minimum knowledge required and, worst of all, without a risk management system with clear exit points, to limit my losses. I paid a high price, but I think I could learn some important things about the market in this time. I read in your book that Ed Seykota says that “everyone gets what he wants in the market”. Perhaps, what I needed was to know better and to test my strengths (logical-mathematical reasoning, systemic view, willingness to learn) and my weaknesses too (impulsive, lack of discipline, stubbornness).

I need to look for new job. (As I said before, I have five children, and three of them have not yet completed their studies!) I´m going to live with my son who is in the engineering college, in a small town, where the cost of living is much lower. I might study for a public job competition. I am still not sure what I’ll do. I spent almost all my savings [over US$ (number)] in this initial stage full of errors but also of valuable learning. Meanwhile, I´ll start again with the equivalent of just US$ (number). I can say that the challenge of learning how to operate successfully in the market became the biggest goal of my life.

Anyway, I want to thank you for all that your book gave me. Certainly, you did not write because you wanted to show how much you know, but because you want to share with others what you have learned. Thank you so much. Let me ask you not to forget me. I’ll have good news soon. Please, receive my most sincere thanks and cordial greetings,

[Name]
Brazil

Welcome!

Note: Many of my clients are Brazilian based.

Brazil Feedback
Brazil Feedback

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

Trend Following Podcast Guests
Frequently Asked Questions
Performance
Research
Markets to Trade
Crisis Times
Trading Technology
About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.