1.The goal of a trend trader is to capture the trend in a market for profits.
2. Trend traders use signals to enter and exit their trades in place of opinions, predictions, and feelings.
3. Backtesting is a major tool for trend followers, by seeing what worked in the past they have better odds of signals working in the future.
4. Big wins and small losses make trend trading systems profitable not a high winning percentage.
5. They can use moving averages or break outs in price for entry signals.
#IamAtrader#
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