I am doing trend following from almost a year now but I never read a single book on Trend following until last week.

Whatever fundas or systems I m using all are mentioned in this book.

(1/n)
Few important points from the book :

1. Your entry should be based on your predefined rules.

if you don't have rules don't trade.

(2/n)
2. There is no target in Trend following. the only Exit is stop loss or trail stop loss.

(Personally, I don't follow trailing stop loss. I am an intraday trader )

(3/n)
3. Backtest and stress test your results. if something is profitable at 930 entry that must also be profitable at 940 entry.

if it's profitable at 10% SL it should also be profitable at 12% SL and so on.

(4/n)
4. Be diversified. What worked in the past may not work in the future. So be future-ready.

(There is a 50% difference in return in my best scheme and in my worst scheme. But I run both bcoz I never know when the best will become worst and the worst will become best)

(5/n)
5. Don't predict markets.

No one can predict a market trend, you can only react to one. Trend following never anticipates the beginning or end of a trend. It only acts when the trend changes. There is no need to figure out why a market is trending, just follow it.

(6/n)
I will keep updating this tweet as I move forward in finishing the book.
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