Right Action and Beliefs: Foundational for Trading Success

The rules and the math are a mission critical part of trend following success, but your mind’s organization will always be the determining factor for long and worthwhile gains. Marcus Aurelius wrote:

Two kinds of readiness are constantly needed: (i) to do only what the logos of authority and law directs, with the good of human beings in mind; (ii) to reconsider your position, when someone can set you straight or convert you to his. But your conversion should always rest on a conviction that it’s right, or benefits others–nothing else. Not because it’s more appealing or more popular.

This is why so many convert to trend following–it can be believed and it is right.