Not Trend Following
It is a challenge to bring new traders over to a trend following mindset, but it is doubly hard when wrong information on trend following is put forth.
Trend following trading does NOT involve:
1.) Trading spreads.
2.) Profit targets.
3.) Swing trading.
Most all great trend followers are trading the same approaches they were trading 20 years ago. They don’t worry about changing markets as all good trend following systems are built from the ground up to respond to change from the start. Responding to change is inherent in trend following.
If you ever see someone say that trend followers have changed to new styles (and I do see this), realize they are dead wrong.
