The wide concerns among traders keep rolling in…

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Hi,

First off, I’m glad I found your site because it’s hard to find people who trade in your style and you seem to be the mecca of all trend following information. Been listening to your podcast and love it.

I started out as an [name] member, using the OA style of trading (essentially remaining “balanced” at all times and using lots of strategies that don’t actually work very well. like iron condors and iron butterflies). I came to trend following through my own backtesting, seeing that it was the only strategy that actually worked. Try convincing the folks on the OA forum that it works though! They don’t want to listen.

Anyway, I’m curious to know if you trade options, and what strategies you use. I use credit spreads exclusively.

My main trend indicator right now is the linear slope of the moving average and it seems to work alright. But I have only had success on upward trending markets. Can’t find a good bearish strategy.

Anyway, wanted to reach out and if anything let you know I’m on board with what you’re doing and looking forward to learning more through the podcasts and any other info you can provide.

Cheers,
David A.

Have you considered trend following? It’s not a matter of having a bull or bear strategy, but rather you need a strategy that works for whatever the situation unfolding.

More:

Hi Michael,

I think my sticking point is that I overrule my stops thinking that I know where prices are going based the fundamentals/macro data that l look at. I work in the dealing room of a bank and the fundamental/macro narrative is very pervasive.

Thank you in advance for your help.

George

Do you have a system? I suspect not. Start here.

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