Trend Following is All About Patience & Discipline
What do I mean by this title? To me it is exemplified in a current trade. I had a signal to buy the French Stock Market CAC. If I would chose, this would not be a trade that I would choose, however trend following is following signals…no opinion…being consistent and having an open mind. I have been in this trade since Feb 2017. So firstly I had the discipline to take a trade that I did not like and more so the patience to stick with it. Currently my trailing stop is very close to being hit. If it hits, I am out…I do not over ride the system. Have a set of rules and follow them.