Trend Following Sözleri ve Alıntıları
Trend Following sözleri ve alıntılarını, Trend Following kitap alıntılarını, Trend Following en etkileyici cümleleri ve paragragları 1000Kitap'ta bulabilirsiniz.
Vince Lombardi
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will.
When do trend followers enter? After a trend has begun. As I mention in Chapter 1, trend followers have no ability to predict when a trend will start. The only way to know that a trend has started is when it starts to move either up or down. For example, let’s say Apple is trading between 100 and 120 for six months. All of a sudden Apple jumps, or breaks out, to a price level of 130.
That type of upward movement from a range is a trigger for trend followers. They say, “I might not know that Apple is going to continue upward, but it’s been going sideways for a while, and all of a sudden, the price has jumped to 130. I’m not in this game to try and find bargains or cheap places to buy. I’m in this game to follow trends, and the trend is up.” This approach is counterintuitive for many. One trend trader outlined the simplicity:
“As our systems are designed to send a buy or sell signal only when a clear trend develops. By definition, we never get in at the beginning of a trend or get out at the top.”
But there is hope. If you study risk, you will find there are two kinds: blind risk and calculated risk. The first one, blind risk, is suspect. Blind risk is the calling card of laziness, the irrational hope, something for nothing, the cold twist of fate. Blind risk is the pointless gamble, the emotional decision, and the sucker play. The man who embraces blind risk demonstrates all the wisdom and intelligence of a drunk stepping into traffic. However, calculated risk builds fortunes, nations, and empires.
Calculated risk and bold vision go hand in hand. To use your mind, to see the possibilities, to work things out logically, and then to move forward in strength and confidence is what places man above the animals. Calculated risk lies at the heart of every great achievement and achiever since the dawn of time. Trend followers thrive on calculated risk.
• It doesn’t matter what you think, it’s what the market does that matters.
• What matters can be measured, so keep refining your measurements.
• You don’t need to know when something will happen to know that it will.
• Successful trading is a probabilistic business, so plan accordingly.
• There is an edge to be gained in every aspect of your trading system.
• Everyone is fallible, even you, so your system must take this into account.
• Trading means losing as well as winning, something you must learn to live with.
The time to think most clearly about why and when to exit is before getting in. In any trading system, the most important thing is to preserve your capital. A sell strategy gives the opportunity to not only preserve capital, but to also redeploy into more opportune markets. When do trend traders actually get out of a losing position? Fast! This is a fundamental element of trend following.
Volatility, risk, and profit are closely related. Traders pay close attention to volatility because price changes affect their profits and losses. Periods of high volatility are highly risky to traders. Such periods, however, can also present them with opportunities for great profits.