TREND FOLLOWING STRATEGIES (The Trend Following Bible) How Professional Traders Compound Wealth
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- Опубліковано 31 січ 2021
- The Trend Following Bible
Trend following strategies are fairly simple concepts which allow professional traders to compound their wealth.
In it's simplicity a trend follower is following the flow of money, this could be a bull or a bear market.
Unlike a simple buy and hold strategy, a trend follower will more often than not avoid major market crashes, and on occasion take advantage of them.
Patience and discipline are key traits the trend follower will need, such traits will allow for the compounding of their returns and ultimately their equity.
The old adages of cut your losses short and let your winners run is ultimately the goal for such tend following strategies, much like he Turtle Trading Program made famous by Richard Dennis.
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As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.bit.ly/40S034v
Thanks Gareth. I feel like I'm compounding my wisdom every time I watch one of your presentations.
Thanks William....
@@FinancialWisdom😂😂😂heart and Lmao😢 are are 😂
For those wondering, the return history for Elizabeth Chavel stop in 2012 because she passed away from a brain aneurysm in 2013. Her fund EMC, continues to operate.
Yes, very sad..
Retail novice investors can also learn a lot from your video. Really appreciate your work.
Why not you're coming with a course on investing. We will love it.
Maybe one day! Thanks Anish🙏
Thank you for taking your time and make these video. You re the best!!!
Thanks for watching!🙏
Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.
When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.
@@Blitcliffe A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@@Harperrr.99 Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.
@@AUstinnesc Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.
@@Harperrr.99 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.
Your videos are amazing! Thanks for your time and for sharing your expertise
Thanks for watching sergio
Wow. Finally found a book that does what I do lol after reading and piecing together many other books.Maybe I should have started with this one lol
Thank you!
Muy Bien...Gracias
I like your playlists on Strategies and gurus, do you have any for spotting reversals? Or famous traders that traded reversals?That would be great to watch. Thanks!!
Love you. this knowledge is too good.
Thanks a ton🙏
You spoil one for choice of strategies, it's like when I check your channel it's like entering a toy shop it ignites a sense of excitement!!! ❤
I think that s good :-) Thanks
Ramkrishna here - I love you again for this wonderful video
I'm deeply moved by this material. The book I explored on these subjects marked a turning point in my life. "Mastering Money Mindfulness" by Benjamin Hawk
Once again thank you!
My pleasure!
Thanks for giving such a beautiful content
It's my pleasure👍
thanks for the video! I learned a lot. good reinforcement
Glad you enjoyed it!
u r the best! as always, a big 👍
Big thanks!
Geat video as always. But I missed the compounding part.
app great se bhi upper ho sir ji
Another Great video, keep doing wonderful work.
Thanks, will do!🙏
Great video, great lessons for trend following. So far i been folllwoing trend since 2019!
Good job
Great content, thanks!
Glad you liked it!🙏
Also, just some suggestions or ideas for future videos: How about comparing Platforms like Think or Swim vs Active Trader Pro vs. other platforms. Or also reviewing the trading strategies like Swing Trading, Trend Following, Day Trading, and so on. The basic ideas and math and price charting of these strategies is really not covered very well in other YT videos. But your style and review methods could really help in these areas. Really nice work! A+++++
Noted🙏
In india lots of people coming to stock markets and there are many UA-cam channels which luring people to subscribe their stock market courses charing atleast 500 dollars to 1000 dollars claiming it is easy way to become overnight millionaires. People lose their capital and many people get depression and suicide. I think if people see your videos regularly again and again, they atleast they know how to manage Risk by positioning sizing, stop Loss and money management and also they will know insight from the greats from stock market history. Thank you sir for your great effort...
Thanks and well said...🙏👍
Watching here from the Philippines. Im using my learnings from your videos in trading the Philippine Market. 🇵🇭😊
Thank you so much sir. 😁
Great to hear Solomoskie.🙏
Is it easy to set up a brokerage account and day trade in the Philippines? Also is it easy to fund the account and send funds to your local bank account?
thanks
You're welcome!
Thank you🌹
You’re welcome 😊
Thank you
Welcome!👍
Good video about trending strategy!....We are waiting for the video about volume analysis and volume profile !!👍
Noted
Pls keep uploading such videos
Your videos have helped me alot 👍👍👍👍👍👍👍👍👍👍👍👍👍👍
I will try my best🙏👍
Nice video. Thank you.
Glad you liked it!
Minervini likes to emphasize the power of compounding, and the point about recovering from losses if allowing them to be greater than ~10%...
Hi Gareth, thank you once again for your valuable video. Do you have any advise/book summary on strategies to cut investment taxes (worldwide version)? Best, Juan.
Hi Juan, thanks, i dont but maybe in the future👍
I have a feeling that the 20 day high/10 day low trading signals described here would closely resemble just using a simple 10 period/20 period moving average cross over.
Make video's on swing trading strategies book 👍
Come to think about each of the downtrend follow by fed rescuing the market but. This time is causing by them rescuing the market. So when will we see the u turn. It had just started
Where can I find your Monte Carlo simulator you referenced in this video? Thanks.
GREAT Review again!!!!! However Rest In Paradise Elizabeth Cheval she passed away from a Brain Aneurysm in 2013!!!!🙏🏽😢 Her firm EMC is still going!!!!
Really I never knew that... sad.
@@FinancialWisdom She was from the Chicago area & died in Beijing while on a business trip meeting with potential new investors!
Wow, never know what's around the corner...rip
Pls review The logical trader book ......
Thank you again. This video is very helpfull like always. Could you pls. make a video explaining your stock selection criteria?
Hi Cagan, thanks, I will but I told myself I would do it when I get to 100k subscribers 😉 spread the word🙏
Great 👍
Thank you 👍
Compound interest is real game
Absolutely
I just created an indicator with this "double donchian channel" strategy and tested on Brazil's Mini Index: it's crap :| Maybe with MACD it could be better, but at least on its pure form is basic crap. In short, it has the same problem as when trading moving average turns: it's laggy; the entrance is often to late, there are many congestioned moments with stop loss and when one finally has a profit, the delay in the exit signal is such that some times half the potential profit is lost, therefore not generating enough positive result to compensate the many stop losses. So, as it's often the case, some filters are needed to use this DDC idea.
Thanks for your thoughts, yes it certainly has weaknesses
At 8:20, do you mean buy when stock price crosses above 200DMA and sell when stock price drops below 10DMA?
Super Video.. God Bless You
Thank you! Cheers!
@@FinancialWisdom Sir , can you explain " Benner Cycle " concept ?
Great job on the videos! Keep it up. Some suggestions: can you review Covel's Trend Following book? Somewhat different than the Trend Following Bible. A+++++
I'll check it out!
Very very nice video sir 👌
Please make trading video more
Thanks Iakhan, i'll try
Another one 🥰
Thanks Joshua
Done
Hi your video's are great to watch and learn,
With regards to the Andrew Abraham trend breakout strategy after reading the book what i understood is, when he says buy @20high and Sell @10 day - 10 day low is counting back 10 candles and placing a SL at the low of the 10th candle not closing the position on the 10 day low - correct me if i am wrong trying to understand what's right
Hi Sean, I'll take a look again... thanks
@@FinancialWisdom so hows it?aaaaaaaaa
FOR SWING TRADING FOREX--Any trend reversal first starts on lower time frames.Say market is coming down on D1,4H,1H, time frames.Now on 5 minute chart market starts making higher high higher lows--obviously 5 M trend can go up in smoke quite easily--so I would think that it would be prudent to confirm first that trend has ALSO changed on 15M chart(higher highs higher lows) before buying & confirm it by checking that RSI 5 has moved above 50 on 15 M chart as well.We seek your wisdom & experience.
Sir, MY QUESTION IS--If trader was trading forex pair to hold for average duration of 3 days what time frame should be used for TREND DIRECTION?--IS IT 4 H CHART? Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower times frame trend).Trend on 4H chart may be the best trend guide for majority of forex traders.. By the time trader confirms that trend on daily chart is up, market has already gone up about 5-7 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 10--15,four H candles has enough big players/juice/force behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset to lose again. Your wisdom/experience please?
If someone is investing long term it is probably best if they just leave it alone and not try and time the market. I only say this because when you look back at historical data it’s easy to see where you could get in and out using this strategy, but it is a known strategy now and may be used against those who try and follow it as market makers increasingly find new ways to take people out.
Also don't forget the Barnabas Bible in the Same importance of the world Bussiness Enterprises...
I'm not sure I was quite understanding correctly the point near the end about risk of ruin (.5%, 1%, 2%...)... Were you talking about what % of the portfolio to risk in each position/trade?
Yes
Nice video...
Can you review some option selling books...?
Sure in the future👍
Hi sir same 20moving avg breakoutbuy and exit 10 moving avg. Is SMA Or EMA Sir
This trading method can we use in 15,30 time frame sir?
Macdcross over if happened below zero line we can apply sir?
Humble waiting for your guidance pls
Hi Gopi, the breakout is not refering to the moving average only the price. I would assume the principle would be ok for 15/30 time frame etc. No the MACD cross needs to be above the zero line to buy.👍
Wonderful video... Dont worry.... You will grow very well... Amazing knowledge
So nice of you🙏
Waiting video on richard donchian please make
Maybe next...
What does risking 1% mean? If I see a breakout candle, by the time I entered, we are already far above the consolidation, do I still put a stop around the low of the consolidation area? Then I would be risking way more than 1%. Or do I avoid this trade because there was no way I could keep a 1% risk?
Pretty sure he means 1% of your equity. So if you had $1000 in your account and bought $60 worth of stock you'd set your stop loss at $50 and slowly move it up as it trended up. Then you would lose no more than 1% or $10 in that trade.
So you'd have to figure out if the price and stop loss go together well, with a good spot on the chart. Because a $300 trade going down to $290 happens to easily. Have to set your trade size proportional to your max risk%.
Thanks a lot, great...
Glad you liked it!🙏
What simulator do you use?
The excel file, in the link..
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sir larry williams book..how i made i million doller in commodity.....this book have correct floor pivot point use......pls explain sir
i'LL TRY.👍
@@FinancialWisdom taq so much sir ji
😘
🙏
this video haven't CC
Waht't ?
Excuse me?
Chaval had been dead for seven years when this video was made.
Chavel's SUCCESS is simply explained by her having success on her initial 4 bids, be it by HARD WORK, BRAINS or sheer LUCK! Understand that had she started by 4 failures instead of 4 successes, that it woulda been the end of Chavel's trading career!!! 😏
Incorrect maths displayed. 2% interest per month compounded would double in 36 months... Not 2% per annum.
Or invest in crypto 😎
true
i never new larry lost everything after making 1 million
sir larry williams book..how i made i million doller in commodity give a video pls pls pls....................sir ji
Sure thing
Better get yourself a bible real quick if you trust someone who calls his mediocre (at best) trading book a bible.
how do you backtest your strategies