Stop Shooting Yourself In The Foot by Alan Kindrick
The idea of following the trend is nothing new, yet we often tend to ignore it. Here’s why you shouldn’t.
If you have read anything about trading, you will come across the mantra “the trend is your friend.” It is a cliché as old as the markets themselves and as true today as it was when it was first stated.
Regardless of the financial instrument you are trading or the time horizon for which you plan to hold the security, trading with the larger overall trend for your holding time is the safest and least risky of trades to take...