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Hello Michael,
A couple of months ago I bought your flagship product. I decided to spend the money and take the plunge because Trend Following makes so much sense. I want to share with you a recent experience that has taught me why following the rules is so important.
I bought into a market that broke out. I somehow got confused about when to add an additional unit and so I added at [rule] instead of a [rule] or [rule]. Anyway, I bought more at [rule] and didn’t have any more money in my account to buy anymore units after that so I let it ride. It went up slowly and I was at a nice $1,100 gain. It decided to reverse and now my gain was around $500. I just came off of several [rule] losses and didn’t feel like losing again so I sold for around a $500 profit. I didn’t follow the rules, but at the time a profit felt good. About 2 days later the market started going up again. In 2 weeks since I sold it was up to what would have been a $3,000 gain. I keep this in the forefront of my mind as an example to ignore my feelings and follow the rules. Become a stone cold trader and follow the rules. The rules are for my good.
Since then I have another market that I bought into and it did the same thing. This time I held on because it wasn’t anywhere near a selling point, a [rule] loss or a [rule]. It’s up past a $2,400 gain and I’m letting it go until I get a signal to get out.
This makes me feel good that I finally found a method to make money in the markets.
Thank you so much for doing the research and sharing this.
Ken
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