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Hi Michael, My biggest challenge has been confidence. I’ve been a rules-based discretionary trend following trader using short-term (days to a couple of weeks) options and I struggle with having the confidence to stick with my system because of all the decision making involved during the course of a trade. I think that I’d rather find a mechanical system that I know will work over time and just go with that.
I would not describe your approach now as trend following. Rules-based + discretionary = inconsistent logic. Day trading? Not trend following. Jump in below with a path to learn.
Learn the rules behind trend following, and the systems to apply them.
See the coursesMore from Michael Covel: Books · Podcast · Trend Following course