Practical Trend Trading Techniques

Make sure you know your trading style very well and stick to it

One of the most common mistakes that traders and investors make is that they do not know the trading style that best suits them. The confused traders keep changing their style...sometimes a few times a day.

Put this bizarre practice in perspective, it is similar to changing your job a few times a day!

Yes, your trading style basically defines what kind of trader you are. Imagine, you are a hedge fund manager. Your new fund just successfully closed on Friday evening and you had told your investors that you are a medium term trend trader, i.e. you would hold your position for medium term trends which could last for months.  You also told them that you would never trade against long term trends for short term short selling opportunities.