The Trading Post: Trying to catch the exact top and bottom of a market trend is a fool’s game

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The key to successful Trend Following rests on the realisation that we can only grab a portion of the bullish move, writes markets analyst Ian Murphy wayofthetrader

We can engage with the market in many ways but when retail investors decide to get actively involved, they are inevitably using some form of a Trend Following strategy whether

they are aware of it or not. They are trying to ‘buy low and sell high’ or ‘cut losses and let winners run’, and both of these tactics are straight out of the Trend Following playbook.

 

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