Trend detection is not the so-called Holy Grail of Trade. There is no such thing. This is not a magical formula or system. Successful trend tracking is the fact that it is based on sound business principles. In trend tracking, what the market is actually doing is important. You follow the behavior of the market. The market shows that a new trend has begun and is following the trend.
Successful transactions are based on probability. Trend tracking, of course, believes that every part of a transaction plan or system has its benefits. It is very wise to put as many elements as possible in your favor before taking a position in the market. Following trends and implementing proper cash management are the keys to success for trend followers.
Trend followers will expect a change in the trend. They follow new trends and catch most trends. Often they go against traditional business wisdom, and this is one of the reasons they are so successful over time. The following trends were currently the most profitable trading styles. Trend followers like Bildan make money and make money. Dan has beaten the market for over a quarter of a century and is very wealthy for the deal. John W. Henry was very successful in following the steps below. Visit:- https://www.internet-navigator.de/
He is currently the owner of the Boston Red Sox because of his excellent business skills. Henry’s business philosophy involves identifying long-term trends, implementing strict cash controls, and being highly disciplined in business processes. Ed Seikota is one of the greatest traders of all time. Their performance numbers have improved over the years. Seikota was self-taught and learned from great teachers like Amos Hostetter and Richard Donchian.
Seikota believes that the tendency to follow includes observation and reaction to the moments that are everywhere now. Seikota is absolutely correct. Ever wondered where money goes when a large bank, fund, or trust loses millions or even billions of dollars in the market? Most of them go to top trend followers like Dan and Henry. This is because trend followers are disciplined and their approach to the market is objective and rational.
They wait until the right opportunity emerges, and if the market opposes them, they immediately withdraw. Their technical approach is price based. Trend followers react to market movements. Following trends and implementing good cash management is the most important factor in success. If you do it right, you can make big bucks in the market.