And let’s face it, not every trade will be a winner. You still need to know when to cut your losses.
These are both very emotional decisions. And believe me, it's easy to let your emotions get the best of you.
I've traded stocks for nearly 20 years. At one time I even managed money for high-net worth individuals at one of the largest banks in the country, and I can tell you first-hand, learning to manage your emotions is the key to making money in the stock market.
Which brings me to the most important part of this investing blueprint.
As profitable as trend following can be, most people can't control their emotions long enough to create any lasting wealth in the stock market.
That's why I've spent the last decade programming a computer algorithm around the same trend following principles that Richard Dennis taught to those 14 novice traders.
So what’s the key to becoming a successful trend following trader?
Every trend following trader will have slight differences in their exact approach. However, the basic premise is always the same...
Buy and sell points are determined by evaluating where price is today as it relates to the price days, weeks, and even months earlier.
I’ll show you how to determine when a stock is gearing up to make an exhilarating move higher in just a moment.
But the most important factor in your success as a trend following trader is, you must have a system that correctly identifies the overall trend of the market, since the majority of all stocks move in that general direction.
If your system can accurately pinpoint market direction, you’ve won 90% of the battle to making money in stocks.
However, if you want to make a killing, you must buy the stocks that will be the next market leaders during bullish trends, and short (for aggressive traders) the weakest companies in a bearish trend.
I’ll illustrate just how powerful this is in a moment, the difference is dumbfounding.
I apologize if I’m making it sound too easy. It is very simple in concept but there is more to it than what most people think.
But you don’t have to worry about anything complicated. I’ve done it all for you.
I’ve developed an algorithm and packaged it in a web-based software that identifies and measures accumulation and distribution by the big institutions before it shows up in the trend.
This allows you to position yourself ahead of the momentum that will be created once the masses finally jump on board.
Because institutions are so tight lipped, and operate in such a stealth manner, it’s not easy for traders without this system to identify their footprints until a large move has already occurred, and they’ve missed out on substantial profits.
You’ll never worry again about missing the next big trend, whether that’s in stocks, gold and silver stocks, oil stocks, bonds or any of the other sectors that my software tracks.
Next, I’ll give you a way to measure the strongest and weakest stocks in any given market so you don’t risk leaving hundreds of thousands, and maybe even millions of dollars on the table by not owning the strongest stocks.
Finally, I’ll give you a non-emotional way to enter and exit your trades.
Attempting this on your own can be overwhelming and time consuming, which is why I believe most people never create wealth in the stock market….wealth they deserve to have.
In fact, without technology, it’s impossible for one person to analyze 15,000 stocks each and every day with any level of detail.
Let alone running that data through our proprietary algorithms to know exactly which stocks to buy and which ones to sell.
That’s why I’ve spent the last 12 years and over $500,000 developing a revolutionary software program that does all the complicated work for you.