Here are 10 trend following principles and 5 trend following books to get you started in the world of reactive technical trend following.
- You shall learn from successful trend following fund managers to make big returns int he market.
- You shall follow the trend only, and have no guru, opinion, or prediction that you bow down to.
- You shall not try to predict the future in vain, but follow the current price trend until the end when it bends.
- You shall remember your stop loss to keep your capital safe, you shall know your exit strategy before your enter your trade.
- Follow your trend following system all the days that you are trading, so that through discipline you will be profitable.
- You shall not give up on a robust trading system because of a short term drawdown.
- You shall not change a long term winning system because it has had a few consecutive losing trades.
- You shall trade with the principles that have proven to work for successful traders.
- You shall keep faith in your trend following methodology even in range bound markets because a new trend will begin.
- You shall not covet fundamentalists valuations, CNBC talking heads, newsletter predictions, search for the Holy Grail of trading, or the false claims of black box systems.
Trend Following: Learn to Make Millions in Up or Down Markets
Following the Trend: Diversified Managed Futures Trading
The Little Book of Trading: Trend Following Strategy for Big Winnings
Stocks on the Move: Beating the Market with Hedge Fund Momentum Strategies