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I’m reading your book, The Complete TurtleTrader now, and have Trend Following on my table to read next.
My biggest fear [on trading] is overcoming my instinct to jump back into the market prematurely and buy the dip now, when I see that the futures are up, but that the trend is still down. First thing I did this morning was to check out the futures. Up over 300 already. Trend might be turning, but it is still down. Until I see the trend turn positive, ten over twenty, twenty over fifty, I have to keep reminding myself to stay out. I’m not selling anything, because I do believe that this market eventually will turn. But when that happens, I don’t know. Could be today. Could be six months from now.
Nicholas J.
Trend following solves your indecision!
Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course