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Hi Michael,
My name is [name], and I’m reaching out after reading your books “Turtle Trader” and “Trend Following” (I’m about 85% through the latter). I’ve been investing for around 4 years now, which has been quite a journey in itself. However, for several years, I’ve been contemplating transitioning into trading as a way to generate additional profits to further fund my long-term investments.
One of the biggest challenges I’ve faced in getting started with trading is taking that initial step and creating entry rules for myself. I’m also struggling with recognising when a true trend is developing. Despite this, I’m adamant that I need to complete at least 300 practice trades before going live. Yet even getting started with practicing has proven difficult, as I have many ideas swirling in my head but am unsure of where or how to begin implementing and developing my trading system.
So far, I’ve developed the following basic rules for myself:
1. Risk 1 to make 10 – This rule predominantly relates to risk management.
2. Make no more than a maximum of 2 trades per week.
3. ALWAYS use a stop loss.I look forward to hearing your thoughts and any guidance you may have to offer.
Kind regards,
[name] K.
You don’t have a system yet. Not even close. Start here.
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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