Getting out at the peak of any trade is luck. Your goal in trading should be to have a solid trading process. Guessing the peak or bottom of a stock is not a process, it is luck. Eventually you will go broke. Michael pulls a review into the podcast and adds commentary. This reader claims that he uses trend following and adds fundamentals as he sees fit. Smack down ensues.
In this episode of Trend Following Radio:
- Trading process
- Two strategies: Buy and hold and trend following
- The goal: To get ahead
- Fear mongering