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Hi Michael, I am Vibhour from India. I wanted to tell you that your work has inspired me a lot and trend following is indeed the best strategy to follow which requires no predictions and just rules. I wanted to tell you that I am in my path to become a professional trader and the last 2 years I have spent thousands of dollars to learn trading. I have learned a lot about price action, candlesticks, some other price patterns and couple of indicators too but when I listen to you I think that I have spent a lot on learning things which are more complex than simple trend following. I want to be part of your flagship program and soon I will be. I just think that I’ve already learned so much in past 2 years and that has been working for me fine, but I want better performance and that thought of learning more trading makes me feel a bit overwhelmed. I think the more I learn, the more I will confuse myself. Instead of that I think I should improve what I already know. Can you please guide me on that thought? I’ve worked hard on learning but still am not very much profitable. As it’s just not very much suitable to my mindset to analyse very single candle and use my discretion to trade. That’s why your way of teaching attracted me. Also if I have around 20,000 dollars of trading account would that much capital be sufficient to do trend following?
What have you learned exactly? Time frames you are trading? Candlesticks, for example, are not trend following. Look forward to helping.
I have learned to identify setups and then to analyse the probability of those setups. This is not any kind of intraday trading but more of a swing to positional trading. There are proper rules too but I’ll say there is a lot of discretion involved to identify those setups. I mainly trade stocks and I have learned to choose those stocks according to overall market structure and the best performing sector in line with the market. Then I’ll choose top performing stocks within those sectors, and find those setups. Mainly there are pull back setups like support/resistance areas and other candle patterns and moving averages to enter those stocks. I hold them as long as there is any reversal price pattern or sometimes I have a target in mind. The thing is there is a lot of analysis involved. Which sometime leads to second guessing. If I talk about time frame, I analyse the stocks on weekly and monthly time frame and make an entry on daily.
Definitely not trend following!
Ok got it! I could make changes in my trading then. I am looking for trend following systems that can help me to be disciplined without second guessing and compound my capital overtime. Thanks for helping me out.
My books. My podcast. My flagship product. I help many clients.
I have been reading your books and I guess only one book is left, TF masters vol2. I really loved all of your books and I see now where I need to change my trading approach. I am going to be a part of your Flagship program most probably within a month or so. Like I said, I have spent thousands of dollars learning technical analysis which now I realise was predictive TA and what we do in Trend following is reactive TA. I just have 1 question, if all we needed was simple trend following systems, why do people teach and market all that support/resistance, trendlines, candlesticks and discretionary trading. I mean I have spent 10X more money I am gonna invest in your flagship program to learn these things and still can’t figure out how to make proper use of them. Right now I am using a very simple trend following system, but I want to learn more and grow. So I will be purchasing your Flagship product really soon. Thank you so much for making trading so simple and all the information about trend following you have shared with the world.
Ready to help you!
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