Market Success Means Surrender
Is there a common map that everyone who makes big money follows, knowingly or unknowingly? Yes. To succeed in the markets you must surrender. Market profit is not about the latest piece of data, expert opinion or fundamental knowledge. Letting go of that and going with the changing flow is the single greatest operating procedure of all legendary traders.
Paul Tudor Jones famously said, "The illusion has been created that there is an explanation for everything with the primary task to find that explanation." He's dead-on. You want the opposite. Approaching markets with total ignorance is the winner's mindset. Because when trading nothing matters except price action. Everything is reflected, totaled, and discounted in the price. I mean everything.
I live and breathe the importance of price action through my podcast and books--a one of a kind compilation only found here. Not CNBC, not Bloomberg, not IBD, but found here alone. Both have produced multiple millionaires and launched hedge fund careers. However, some want more. They need more. And the way I give my personal support—the core trend following principles and how to compound those principles for a lifetime—is through my Flagship product.
My Flagship product is powerful information coupled with personal support for your unique situation. I teach beginners to seasoned pros how to make above average profits with clear and complete trend following trading systems:
1. Add to winners only.
2. Never add to a loser.
3. Let profits run.
4. Cut losses fast.
5. Don’t try to pick tops.
6. Don’t try to pick bottoms.
7. Market prices make decisions, not ego.
"Trend following is the purest, simplest, and easiest way to make the big money. It uses only what the markets are telling us about themselves--the current price trend."
6 million+ listens across 600+ episodes: investments, economics, decision-making, behavior & entrepreneurship. Guests: Nobel Prize winners Robert Aumann, Angus Deaton, Daniel Kahneman, Harry Markowitz & Vernon Smith. And: James Altucher, Jean-Philippe Bouchaud, Marc Faber, Tim Ferriss, Jason Fried, Gerd Gigerenzer, Larry Hite, Sally Hogshead, Ryan Holiday, Jack Horner, Ewan Kirk, Steven Kotler, Michael Mauboussin, Barry Ritholtz, Jim Rogers, Jack Schwager, Ed Seykota, Philip Tetlock & Walter Williams.
Instead of listening a visitor wanted to talk as a Zen master was pouring tea. The master poured tea until the cup was full and then kept pouring. The visitor could not control himself, "Don't you see my cup is full?"
"You are right," said the master as he stopped, "And like this cup of tea you are filled with your own ideas. How can you expect me to give you Zen unless you offer an empty cup?"
Posted on: Dec 11, 2017
Caught this great excerpt from Mike Aponte thsat applies to trend following and any other life endeavor: One of the questions I’m often asked is, “What is the most important trait in becoming a professional card counter?” The first thing that jumps to mind for most people is genius mathematical ability. True, being good at […]
Posted on: Dec 10, 2017
Subscribe to Trend Following Radio on iTunes Very experienced guys make great interviews. They bring age, perspective and wisdom to the table. Tom DeMark and Perry Kaufman are two men that have previously been on the podcast that exemplify this statement. Michael went back into the archives to bring these men and their interviews on […]
These are some of my favorite money-making gems pulled from the historical wisdom of trend trading pioneers Richard Donchian, William Dunnigan, Amos Hostetter, Jesse Livermore, Roy Longstreet, and Dickson Watts all for the modern day Bitcoin trader: Don’t fight the Bitcoin tape!* Like sharp instruments and strong spirits, leverage confers many benefits, but only when […]