📈Steve - UKtrendfollower📉

Trend following trader since 2006. Coach & mentor to aspiring traders, focusing on risk & mindset. Tweets reflect experiences, beliefs & learnings from others.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

The beauty of being a breakout trader is that, if price is stuck in a range, there's nothing to do. No guesswork is required, you simply wait for the market to tip its hand. And if a price breakout fails, no guesswork is required there either - you take your loss and move on.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

This 👇

[Steven Goldstein @AlphaMind101]

A longish AlphaMind 🧵

Why, at AlphaMind, do we bleat-on 🐑about the human side of risk performance? And why do we think it is so crucial to success ✌️in trading?

Let’s start with a real world example.

A few years ago a potential client walked🚶‍♂️into AlphaMind Towers 🏢

1/19

[Jerry Parker @rjpjr12]

Clients don't need CTA crisis alpha. They need to have their stocks traded with trend following so that there will be fewer crises. Trading strategies that don’t use stop losses, trailing stops, price trends as an input and don't take advantage of max diversification and shorts, create crises. Instead of allocating 5% to CTAs, allocate trend following to your stocks.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Those who say it can't be done should not interrupt those who are doing it." - George Bernard Shaw

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

@nexus1973 Why I'm a trend follower. I'm useless at predicting 🤣

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

I'm going for the 49ers and the Bengals to win this weekend. 🏈

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

Trend following is gloriously imperfect.

Its robustness lies in its lack of complexity.

Unfortunately, most people mess up by taking something good, try to make it better and end up with something worse.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

Well that's that. Even with the awful Matt Patricia play calling, Zappe showed more far promise than Mac Jones. Hopefully he will get the opportunity next season, with a decent OC #Patriots

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

@samdruss @TopTradersLive There can be a significant variation in performance. Compare Mulvaney in 2022 to Dunn, Chesapeake and others. Even back in the day the individual Turtles had big variations in their returns depending on their level of use of S1 and / or S2, or the Whipsaw method.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"The secret strangely enough is not having an idea of what we are going to be doing in advance. We react to the unfolding markets trends rather than make forecasts of what's going to happen." - David Harding #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

The Donchian price channels I use provide a framework highlighting whether price is attempting to breakout to the upside, the downside, or there's nothing doing. Based on this information my rules tell me what to do - go long, go short or do nothing #breakouts #nocountertrend

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Trend following works because you don't out think it. You are a follower, not a predictor." - Daniel P Collins

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

@TopTradersLive Tomorrow

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Simple rules that are built on more durable concepts will hold up in actual trading better than will complex rules that are tailored to more specific market behaviour. Keep your systems simple and you will find that they hold up better over time." - Curtis Faith #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

Happy New Year! The best of health and lots of trends for 2023.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

New blog post: Simplicity and robustness - learning from Linda Raschke, Ken Tropin and Curtis Faith https://t.co/W0HqDTbVNd #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

I am a very impatient person. Sitting in non-performing positions for days or weeks would be intolerable for me. Therefore being very aggressive in cutting losses, and utilising entry / exit parameters which some may class as short-term works perfect for me and my personality.

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Trend following is NOT for most people. Each style requires a particular psychological make up that you may or may not possess. Matching your personality with its strengths and weaknesses against a particular trading style is very important." - Curtis Faith #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Trend following is NOT for most people. Each style requires a particular psychological make up that you may or may not possess. Matching your personality with its strengths and weaknesses against a particular trading style is very important." - Curtis Faith #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

@SouravSenguptaI Thank you

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"Simple rules make systems more robust because those rules work in a greater variety of circumstances. Complex systems generally are complex because they have been designed to take advantage of some conditions or market behaviour." - Curtis Faith #trendfollowing

[📈Steve - UKtrendfollower📉 @UKtrendfollower]

"The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run." - William Eckhardt #trendfollowing