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Lacking a system is my biggest challenge.
I’ve done discretionary trading with mixed results but have experimented with a simplified trend following in my 401k with mutual funds using a weekly chart.
It got me out of the market completely 2 weeks ago (thank God!) and the last two prior years got me 20% plus just using Fidelity 500 Index fund.
Since it got me out of trouble I’ve been thinking about doing a deep dive into system development with trend trading as the cornerstone.
Can you adjust/customize trend trading to suit your needs? I don’t think I could stomach a serious drawdown at my age (51).
Billy
I can help on the system part.
And you can adjust risk/reward/DD.
See my FAQs.
Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course