Trend followers subscribe to the trading system of embracing the unexpected. How high can a stock go? When should I “take my profits”? These are common questions amoung all traders and in most cases these questions scare many traders out of perfectly good trades. Those that say “you won’t go broke taking profits”, should tack on to the end of that sentence, “and you won’t get rich either”. Taking profits too soon is just as bad as taking no profits at all. Trend followers are often surprised by how high a stock can go before it has any meaningful correction. Some stocks have gone up 1,000-3000% in the Market Trend Signal™ trend following trading system, before there has been a sell signal. Take REV as an example, the stock has currently had a very impressive run, but is now the time to sell? Trend followers will stick it out, maybe even give back some of the gains. This is the trade-off of massive gains that create real wealth.
Jesse Webb
Market Trend Signal™
Trend Following – Stock Ratings – Market Timing
