July Reversal
As with all trend trading systems, the reversal, the next drawdown, always arrives. July was a bad month for trend following traders. Oil going down either forced exits and or the taking of new short positions (either of which meant a give back in profit). Guess what? This is normal. Many might hear this bit of news and say, “that’s bad news, I will do something else with my money instead.” That would be a mistake. If you approach trading not expecting to have losses, if you approach trading not being able to take a loss…you will lose. That is guaranteed.
