My biggest challenge is having a strategy to use. I have been watching CNBC, Benzinga videos and other trading news to figure out how to analyze markets to enter and when to exit. My returns have been minimal as I have been holding most of my positions waiting for them to go higher or come back to the green. I recently started reading your Trend Following book and like the idea of not having to deal with the news and fundamentals. Having a set of rules of what and when to enter and exit sounds great to me. I believe I also have the patience for this strategy as I don’t want to be a day trader. I just want to make money to make life more comfortable and support my family going forward.
Trend following is a great path. Start here.