There are a million ways to define a trend in hindsight after one has begun. The problem is quantifying when a trend ends and when it begins in real time, and having that definition result in a positive expectancy method. When does a trend end, and when is it a pullback? That is literally the million dollar question. There are many detailed definitions of a trend that have been posted publicly (Turtles being the most famous), but are these still profitable trading methods any more? I doubt it.
I'd rather be bored and watch my capital grow than spend my day pumping adrenalin and see my cash disappear.
Trend following is better than buy and hold although, both hold stock for the longer term but, because you have predetermined exits thru your stop losses as opposed to just letting your stock go up and down and the trend reversing on you.
Hello Leob, 85 replies and 1,855 views so far. Questions: 1. Have anyone showed you exactly how to make money yet? 2. Are you more confused since you posted? 3. Out of all the post, which post helped you mentally to make money day to day or week to week and have fun? You only get 1 post to pick from. Do you perfectly understand now why I said, it is better to just gamble and guess trade and scalp day to day and be happy with this approach? Thank you
Tell that to the hedge funds. A top trader once said the smarter you are, the harder it is for you to make it as a trader. Chances are good, you are placing trades against the trend which is why you continue to lose. I explained everything in detail about the elements needed to be a good trader. I continue to make monies for myself which is fine by me. Now, I am by no means the best trader out there---far from it but, I trade with the trend. Not against it. I let the hedge funds help me make monies. Doing the stupid thing of going against the trend----guarantees you lose your monies. When, you do that, you have your trade lined up against the hedge funds. Who do you think is going to win?