Dave Landry’s The Week In Charts-Doing This Might Feel Good But “You’ll Never Make Any Real Money In The Markets”
By Dave Landry | Dave Landry's The Week In Charts
In this episode, I continued his discussion on why trend following is hard but it’s the only way to make money. My focus this week was on why avoiding obvious news events will pay off shorter-term but never longer-term-“you’ll never make any real money in the markets.” As usual, I worked the psychology of trading into all this by explaining how you must be willing to lose, especially open profits, to make money. Further, I discussed why you cannot let prior losing trades affect your next decision. I also followed up on my Snapchat discussion, showing how the Snapchat debacle could have been easily avoided by following a simple setup.