Trend Following demands that you
have strong self-discipline to
follow precise rules. It
involves a risk management
system that uses current market
price, equity level in an
account and current market
volatility. Trend Followers use
an initial risk rule that
determines your position size at
the time of entry. This means
you know exactly how much to buy
or sell based on how much money
you have. Changes in price may
lead to a gradual reduction or
increase of your initial trade.
On the other hand, adverse price
movements may lead to an exit
for your entire trade.
Historically, a Trend Following
trader's average profit per
trade is significantly higher
than the average loss per trade.
Michael Covel's book, Trend
Following: How Great Traders
Make Millions in Up or Down
Markets is a guide to trend
following. It includes
interviews with trend
followers, and received
endorsements from
Van K.
Tharp, John Mauldin, Ed
Seykota and many more. Michael Covel
is also Managing Editor at
TurtleTrader.com®, a Trend
Following news and commentary
resource since 1996. TurtleTrader's goal is to answer
the questions of what, who and
why in relation to Trend
Following. TurtleTrader.com®
offers a free e-mail newsletter
that notifies subscribers of new
site content.
TrendFollowing.com and TurtleTrader.com
Contact Information
Trend Following™/TurtleTrader®
11654 Plaza America Drive, #224
Reston, VA 20190
info@trendfollowing.com
(703) 956-0075
The
above description was assembled
using information from the
publisher's site. All registered
or unregistered trademarks
referenced herein are the
property of their respective
owners, and no trademark rights
to the same are claimed.
