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Hey Mike,
I have been in the market for 5 years… unprofitable!
I have lost quite a lot of money as per my standards. I heard your podcast and have started trend following in Index Options now.
I have tried all types of trading and investments, like I started with investments, tried swing, intraday and commodities and am at a loss for now.
But I am very persistent, it’s been 5 years now when I look back on some excel sheets or some notes I took back 4-5 years ago. I feel enough is enough and I should hang my boots now but by nature I am very persistent and imaginative. I think of some new logic and try again.
I know a trend following strategy which worked for me for a few weeks until in 2 weeks it took 90% profit I have made. But luckily I still had 10% profit.
Can you please guide me on how I can control my risk in trend following?
Thank you!
Best Regards,
M. M.
Two weeks you used a trend following system? Then lost 90%? I am willing to bet you were not trading a trend following system in any way. The links below will set you straight.
How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.
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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.