“Sticking long enough with one strategy before deciding if it works or not…”

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Sticking long enough with one strategy before deciding if it works or not! The market is not the enemy, I am!

What is your system and time frame?

As of the last few weeks I’ve started to look at trend following again. I first had a dabble about 10 years ago, my early days investing in funds. I read the excellent book ‘Little Book of Trading’ (Covel book) you may of heard of it! I found it very inspiring. But once again I didn’t stick with it long enough. I would like to hold for the medium to long term but I always pull the plug after a few weeks/months of underwhelming performance.

You need:

• Exact rules for selecting your tracking portfolio.
• Exact rules for entering your trades at the right time.
• Exact rules for exiting your trades with a loss.
• Exact rules for exiting your trades with a profit.
• Exact rules for how much money to bet on each trade.

Filed under Trend Following