My greatest challenge is that I am not fully committed. I take on too much risk and fail to close out losers. I’m always searching/learning but never settling on an approach. I guess these are many challenges I face.
I am 40 years old and feel that I am behind in my retirement and savings. I only have about 55k in savings and 40k in retirement but have desires to provide a comfortable life for my wife and children in my later years. I believe this weight/feeling of being behind where I should lead me to take on too much risk. I have read Trend Following a couple of times and find hope in your research; specifically Donchian and the success he was able to have later in life.
Thanks for your help!
You are on the right path. Dig in.