Dave Landry’s The Week In Charts-Doing This Might Feel Good But “You’ll Never Make Any Real Money In The Markets”

By Dave Landry | Random Thoughts

In this episode, I continued his discussion on why trend following is hard but it’s the only way to make money. My focus this week was on why avoiding obvious news events will pay off shorter-term but never longer-term-“you’ll never make any real money in the markets.” As usual, I worked the psychology of trading into all this by explaining how you must be willing to lose, especially open profits, to make money. Further, I discussed why you cannot let prior losing trades affect your next decision. I also followed up on my Snapchat discussion, showing how the Snapchat debacle could have been easily avoided by following a simple setup.

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About the Author

Dave Landry has been actively trading the markets since the early 90s. He is managing member of Sentive Trading, LLC (est 1995) and author of 3 books of trading including The Layman’s Guide to Trading Stocks. He has made several television appearances, written articles for numerous magazines, He has spoken at trading conferences throughout the world (including Russia, Hong Kong, Australia, Germany, Italy, and others). He has been publishing daily web based commentary on technical trading since 1997. He has a B.S. in Computer Science and an MBA. He was registered Commodity Trading Advisor (CTA) from 1995 to 2009. He is a board member of the American Association of Professional Technical Analysts. Dave can be reached at www.davelandry.com