A practical path for traders to make money with patience and discipline

Debashis Basu 

There is a variety of ways to trade the markets, of which the most popular one, perhaps, is trend-following. Often, prices of overall markets, commodities, currencies and stocks tend to trend, from a few days to a few months, subject to dips. Trend-followers try to identify a rising or a falling trend and latch on to it. Sounds simple. Indeed, the chart of any traded financial instrument will show trends. But it is extraordinarily difficult to get into and out of a trend.  The reason is not that trends are a mirage. Many great traders, like Ed Seykota, Richard Dennis and Paul Tudor Jones, have made millions through trend-following systems. Unfortunately, few people have the deep belief, patience and discipline to stick to the rules of trend-following.

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