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“My biggest challenge is I still hold on to losing positions for too long…”

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I have had a tremendously successful year this year. Without a doubt, my best year of trading. In the past 12 months I have started looking at 20 day moving averages (dMA) and 200dMA. I have worked on 21dMA and 50dMA, too. I have found these to be very useful in identifying uptrend and downtrend ETFs. I have been graphing them, too, with new 20 day lows vs new 20 day highs.

I am confident that the crossovers of moving averages will lead to gains that will make this style of trading worth it. I have been shorting markets, when available. I try to mostly buy ETFs. I have less than half my portfolio in stocks.

My biggest challenge is two things: I use trailing stops (based on ATR) that too often stop me out before the stock takes off; I still hold on to losing positions for too long (against my better judgment because as soon as I sell them they start trending back up).

I am intrigued by your course. But, I don’t know what it will do for me that I won’t be able to do for myself?

You always need:

  • Exact rules for selecting your tracking portfolio.
  • Exact rules for entering your trades at the right time.
  • Exact rules for exiting your trades with a loss.
  • Exact rules for exiting your trades with a profit.
  • Exact rules for how much money to bet on each trade.

I give you an alternative and perhaps superior way to do that. Also, see my FAQS.

Thanks for the reply. I plan to take the course. I’ll enroll in a few weeks, some time in January. I get the feeling your program will help refine some things I have been developing. I would definitely like a professional perspective, coaching me in staying consistent with my process or a process.

I have an MBA. But, that doesn’t help with investing. It helps me calculate future values and net present values, along with accounting processes and tax implications. Trend following is what I have been looking for, as an investing/trading approach. I stumbled on to it a year ago with the book “If It Doesn’t Go Up, Don’t Buy It.” It wasn’t very sophisticated. But, the moving average approach was quite the eye opener that really started to pay off.

I look forward to taking the course. I’m sure the cost will pay off better than all of the graduate school courses have paid off.

Here to help.

P.S. I have the MBA too. Useless.

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