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I’ve used various strategies over the years with mixed success. I even hired a day trader to mentor me for several months so I could understand their mindset. Never actually wanting to day trade myself. My strategy lately is: Identify companies I would want to actually own, while staying in cash until their stock prices get destroyed. Then buy cheap and hold for 2 years-ish. I could be buying back in any day. Here’s what I am really looking for. The shortest path to executing the Turtle strategy with disciplined precision to prove to myself it is reliable and executable. I can afford to be patient with investing because I don’t live off the income. So if there isn’t a clear trend I can stay in cash and wait. I’m listening to your book while the paperback is shipping. While I appreciate the story as an audiobook, I really want the black & white strategy that I can execute with confidence. Exactly how you define a trend, and exactly how portfolio risk is managed. If it’s all in the book I’m good to go. If the book is missing any key elements that would compromise my results in any way please let me know.
I would toss the strategy you describe, then once you finish your initial trend following book reads you will be on your way.
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