TREND FOLLOWING STRATEGIES (The Trend Following Bible) How Professional Traders Compound Wealth

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The Trend Following Bible
Trend following strategies are fairly simple concepts which allow professional traders to compound their wealth.
In it's simplicity a trend follower is following the flow of money, this could be a bull or a bear market.
Unlike a simple buy and hold strategy, a trend follower will more often than not avoid major market crashes, and on occasion take advantage of them.
Patience and discipline are key traits the trend follower will need, such traits will allow for the compounding of their returns and ultimately their equity.
The old adages of cut your losses short and let your winners run is ultimately the goal for such tend following strategies, much like he Turtle Trading Program made famous by Richard Dennis.
Links:-
My Brokerage Account (Interactive Brokers) - bit.ly/3UGvn1U
25% Off Stockopedia - bit.ly/2YIcAIn
Risk/Reward trading spreadsheet - bit.ly/3ea6sl8
My Trading Spreadsheet/Calculator - bit.ly/3ea6sl8
Technical Screener - bit.ly/40S034v
Back test software - bit.ly/3oO1exN (20% Discount code)
My Breakout Scanner - bit.ly/40S034v
My Forum - bit.ly/40S034v
FREE Trading Tools/Software/Stuff - bit.ly/3ea6sl8
My Strategy Blueprint - bit.ly/40S034v
Edgewonk Trade Analysis Software - bit.ly/3xS6S7s Coupon Code = FWISDOM
Stock Trading videos:-
Timing The Market - • You CAN Time The Marke...
Best Chart Patterns - • The Best Chart Pattern...
Trend Following Study - • DOES TREND FOLLOWING W...
Trade Like A Casino - • How to Trade Stocks (U...
Dollar Cost Averaging - • Dollar Cost Averaging ...
Stop Loss vs Buy Hold - • Stop Loss Strategy VS ...
Trading Theory - • Best Trading Strategy ...
Dow Theory - • DOW THEORY - What is i...
Past Bear Markets - • PAST BEAR MARKETS & Ho...
Buy & Hope - • FINANCIAL EDUCATION GO...
Warren Buffet - • WARREN BUFFET Investin...
David Ryan US Champion - • BEST Stock Trading Str...
Trading Expectations - • REALISTIC STOCK TRADIN...
Super Trader - • Dr Van Tharp - SUPER T...
Oliver Kell US Champion - • BEST Trading Strategy ...
The Disciplined Trader - • Video
Kristjan Qullamaggie - • KRISTJAN QULLAMAGGIE -...
Avoiding Drawdown - • AVOIDING DRAWDOWN - In...
Breakout Screener - • CONSOLIDATION BREAKOUT...
MACD Explained - • MACD INDICATOR EXPLAIN...
Risk Reward Ratio - • RISK REWARD RATIO - Tr...
William O'Neil Disciples • Trade Like a WILLIAM O...
Dual Momentun • DUAL MOMENTUM | Moment...
Dan Zanger • DAN ZANGER | Breakout ...
Paul Tudor Jones • PAUL TUDOR JONES - Bil...
Spread Betting Naked Trader • NAKED TRADER'S Guide t...
Martin Schwartz Pit Bull • MARTIN SCHWARTZ | PIT ...
Kelly Criterion • KELLY CRITERION | Ed T...
Timothy Sykes • TIMOTHY SYKES - Tradin...
Think And Trade Like A Champion • MARK MINERVINI THINK A...
Van Tharp • VAN THARP Trade Your W...
Turtle Traders • TURTLE TRADERS STRATEG...
Ed Seykota • ED SEYKOTA Interview b...
Thomas Bulkowski Candlestick patterns • CANDLESTICK PATTERNS b...
Nicolas Darvas • NICOLAS DARVAS Box Tr...
Swing Trading • SWING TRADING STRATEGI...
Lone Stock Trader • LONE STOCK TRADER - Ho...
Mark Douglas • NICOLAS DARVAS Box Tr...
Jesse Stine • JESSE STINE INSIDER BU...
Stan Weinstein • STAN WEINSTEIN - SECRE...
Peter Brandt • DIARY OF A PROFESSIONA...
Mark Minervini • MARK MINERVINI- Trade ...
Alexander Elder • TRADING FOR A LIVING D...
Investing videos:-
Joel Greenblatt - • JOEL GREENBLATT - THE ...
Tony Robbins - • MONEY MASTER THE GAME ...
Robert Kiyosaki - • RICH DAD POOR DAD REVI...
The Naked Trader - • THE NAKED TRADER - Rob...
Common Stocks Uncommon Profits - • COMMON STOCKS AND UNCO...
A Random Walk Down Wall Street - • A RANDOM WALK DOWN WAL...
Vanguard Index Investments - • VANGUARD INVESTMENTS |...
As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
I also offer a paid subscription service for those looking to see all my investment decisions.bit.ly/40S034v

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2 окт 2024

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Комментарии : 144

@noelmaskii25 Год назад

You spoil one for choice of strategies, it's like when I check your channel it's like entering a toy shop it ignites a sense of excitement!!! ❤

@FinancialWisdom Год назад

I think that s good :-) Thanks

@freedomisEexpensive-08 Год назад

Insightful video. I just want to know best how people split their pay, how much of it goes into savings, spendings or investments. I'm 27, and earn nothing less $150k per year, but nothing to show for it yet.

@Blitcliffe Год назад

When people have money, they spend it. And some people spend more money when they have more of it. If you want to improve your financial management, you should consult with a financial advisor.

@Harperrr.99 Год назад

@@Blitcliffe A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.

@NotyourBusiness-urto6 Год назад

@@Harperrr.99 Nice, who is the Financial Advisor aiding you if this is not much i'm asking? my retirement plans are going down the drain with my 401k particularly losing everything it gained ever since 2021.

@Harperrr.99 Год назад

@@NotyourBusiness-urto6 Sure. NICOLE DESIREE SIMON, a well-known person in her field, is my advisor. I got to know her through my wife. It's my wife that has her number, but you could further investigate her credentials and contact her yourself.

@NotyourBusiness-urto6 Год назад

@@Harperrr.99 She appears to be a true authority in her profession. I looked her up online and found her website, which I browsed and went through to learn more about her credentials, academic background, and career. She owes me a fiduciary duty to act in my best interests. I set up an appointment to use her services.

@tianxia4092 3 года назад

For those wondering, the return history for Elizabeth Chavel stop in 2012 because she passed away from a brain aneurysm in 2013. Her fund EMC, continues to operate.

@FinancialWisdom 3 года назад

Yes, very sad..

@williamkz 3 года назад

Thanks Gareth. I feel like I'm compounding my wisdom every time I watch one of your presentations.

@FinancialWisdom 3 года назад

Thanks William....

@anthonyimbasciani Год назад

@@FinancialWisdom😂😂😂heart and Lmao😢 are are 😂

@anishmohd6755 3 года назад

Retail novice investors can also learn a lot from your video. Really appreciate your work. Why not you're coming with a course on investing. We will love it.

@FinancialWisdom 3 года назад

Maybe one day! Thanks Anish🙏

@argonaut119 2 года назад

Also, just some suggestions or ideas for future videos: How about comparing Platforms like Think or Swim vs Active Trader Pro vs. other platforms. Or also reviewing the trading strategies like Swing Trading, Trend Following, Day Trading, and so on. The basic ideas and math and price charting of these strategies is really not covered very well in other YT videos. But your style and review methods could really help in these areas. Really nice work! A+++++

@FinancialWisdom 2 года назад

Noted🙏

@momergil Год назад

I just created an indicator with this "double donchian channel" strategy and tested on Brazil's Mini Index: it's crap :| Maybe with MACD it could be better, but at least on its pure form is basic crap. In short, it has the same problem as when trading moving average turns: it's laggy; the entrance is often to late, there are many congestioned moments with stop loss and when one finally has a profit, the delay in the exit signal is such that some times half the potential profit is lost, therefore not generating enough positive result to compensate the many stop losses. So, as it's often the case, some filters are needed to use this DDC idea.

@FinancialWisdom Год назад

Thanks for your thoughts, yes it certainly has weaknesses

@arathaemaxus5250 Год назад

Wow. Finally found a book that does what I do lol after reading and piecing together many other books.Maybe I should have started with this one lol

@VusalJalilov 6 месяцев назад

Geat video as always. But I missed the compounding part.

@MandhanAcademy 3 года назад

thanks

@FinancialWisdom 3 года назад

You're welcome!

@kingpinstatus916 3 года назад

GREAT Review again!!!!! However Rest In Paradise Elizabeth Cheval she passed away from a Brain Aneurysm in 2013!!!!🙏🏽😢 Her firm EMC is still going!!!!

@FinancialWisdom 3 года назад

Really I never knew that... sad.

@kingpinstatus916 3 года назад

@@FinancialWisdom She was from the Chicago area & died in Beijing while on a business trip meeting with potential new investors!

@FinancialWisdom 3 года назад

Wow, never know what's around the corner...rip

@jetstreams2986 2 года назад

Also don't forget the Barnabas Bible in the Same importance of the world Bussiness Enterprises...

@busybox32 4 месяца назад

i never new larry lost everything after making 1 million

@cunestungas 3 года назад

Love you. this knowledge is too good.

@FinancialWisdom 3 года назад

Thanks a ton🙏

@sheikadam6360 3 года назад

Pls keep uploading such videos Your videos have helped me alot 👍👍👍👍👍👍👍👍👍👍👍👍👍👍

@FinancialWisdom 3 года назад

I will try my best🙏👍

@BigWickTraders Год назад

If someone is investing long term it is probably best if they just leave it alone and not try and time the market. I only say this because when you look back at historical data it’s easy to see where you could get in and out using this strategy, but it is a known strategy now and may be used against those who try and follow it as market makers increasingly find new ways to take people out.

@ericaroundtheworld 2 года назад

Come to think about each of the downtrend follow by fed rescuing the market but. This time is causing by them rescuing the market. So when will we see the u turn. It had just started

@technicalanlysisofnepsecha1053 3 года назад

Another Great video, keep doing wonderful work.

@FinancialWisdom 3 года назад

Thanks, will do!🙏

@wealthcreation2138 3 года назад

In india lots of people coming to stock markets and there are many RU-vid channels which luring people to subscribe their stock market courses charing atleast 500 dollars to 1000 dollars claiming it is easy way to become overnight millionaires. People lose their capital and many people get depression and suicide. I think if people see your videos regularly again and again, they atleast they know how to manage Risk by positioning sizing, stop Loss and money management and also they will know insight from the greats from stock market history. Thank you sir for your great effort...

@FinancialWisdom 3 года назад

Thanks and well said...🙏👍

@Sem_Henares Год назад

I like your playlists on Strategies and gurus, do you have any for spotting reversals? Or famous traders that traded reversals?That would be great to watch. Thanks!!

@droidcrasher 2 года назад

Chavel's SUCCESS is simply explained by her having success on her initial 4 bids, be it by HARD WORK, BRAINS or sheer LUCK! Understand that had she started by 4 failures instead of 4 successes, that it woulda been the end of Chavel's trading career!!! 😏

@jennysquesttowellness 3 года назад

Hi Gareth, thank you once again for your valuable video. Do you have any advise/book summary on strategies to cut investment taxes (worldwide version)? Best, Juan.

@FinancialWisdom 3 года назад

Hi Juan, thanks, i dont but maybe in the future👍

@gajananeppar9696 3 года назад

Waiting video on richard donchian please make

@FinancialWisdom 3 года назад

Maybe next...

@bhartiporwal91 3 года назад

sir larry williams book..how i made i million doller in commodity.....this book have correct floor pivot point use......pls explain sir

@FinancialWisdom 3 года назад

i'LL TRY.👍

@bhartiporwal91 3 года назад

@@FinancialWisdom taq so much sir ji

@dpatel2747 3 года назад

Make video's on swing trading strategies book 👍

@nirupmalkani788 2 года назад

Nice video. Thank you.

@FinancialWisdom 2 года назад

Glad you liked it!

@stevepierce3823 3 месяца назад

Where can I find your Monte Carlo simulator you referenced in this video? Thanks.

@BO-kh1iz Год назад

Better get yourself a bible real quick if you trust someone who calls his mediocre (at best) trading book a bible.

@d_e_a_n Год назад

At 8:20, do you mean buy when stock price crosses above 200DMA and sell when stock price drops below 10DMA?

@1moVLOG 2 года назад

Pls review The logical trader book ......

@GivenMokoteliTV 2 года назад

Great video, great lessons for trend following. So far i been folllwoing trend since 2019!

@FinancialWisdom 2 года назад

Good job

@navketan1965 8 месяцев назад

FOR SWING TRADING FOREX--Any trend reversal first starts on lower time frames.Say market is coming down on D1,4H,1H, time frames.Now on 5 minute chart market starts making higher high higher lows--obviously 5 M trend can go up in smoke quite easily--so I would think that it would be prudent to confirm first that trend has ALSO changed on 15M chart(higher highs higher lows) before buying & confirm it by checking that RSI 5 has moved above 50 on 15 M chart as well.We seek your wisdom & experience.

@navketan1965 Год назад

Sir, MY QUESTION IS--If trader was trading forex pair to hold for average duration of 3 days what time frame should be used for TREND DIRECTION?--IS IT 4 H CHART? Traders biggest enemy is trend flipping on A dime(e.g. 1H/lower times frame trend).Trend on 4H chart may be the best trend guide for majority of forex traders.. By the time trader confirms that trend on daily chart is up, market has already gone up about 5-7 days & if you ask supercomputer for the mathematical odds, computer tells you that odds are negative right from the start.Trend based on the last 10--15,four H candles has enough big players/juice/force behind it so that it would not flip on A dime, so trader has decent chance to make something without buying overpriced asset to lose again. Your wisdom/experience please?

@gopisanjay9322 3 года назад

Hi sir same 20moving avg breakoutbuy and exit 10 moving avg. Is SMA Or EMA Sir This trading method can we use in 15,30 time frame sir? Macdcross over if happened below zero line we can apply sir? Humble waiting for your guidance pls

@FinancialWisdom 3 года назад

Hi Gopi, the breakout is not refering to the moving average only the price. I would assume the principle would be ok for 15/30 time frame etc. No the MACD cross needs to be above the zero line to buy.👍

@djlaphroaig8968 2 месяца назад

Did the back test, it can work to any time frames. Best are 5; 15; 1hr ;4hr; day ; week .

@marckenyon9953 Год назад

I have a feeling that the 20 day high/10 day low trading signals described here would closely resemble just using a simple 10 period/20 period moving average cross over.

@bharath8721 3 года назад

Good video about trending strategy!....We are waiting for the video about volume analysis and volume profile !!👍

@FinancialWisdom 3 года назад

Noted

@animeshnerurkar9153 2 года назад

Incorrect maths displayed. 2% interest per month compounded would double in 36 months... Not 2% per annum.

@jeff-hh9mc 4 месяца назад

Chaval had been dead for seven years when this video was made.

@Christoph877 Год назад

Minervini likes to emphasize the power of compounding, and the point about recovering from losses if allowing them to be greater than ~10%...

@CandyLemon36 10 месяцев назад

I'm deeply moved by this material. The book I explored on these subjects marked a turning point in my life. "Mastering Money Mindfulness" by Benjamin Hawk

@Solomonskie 3 года назад

Watching here from the Philippines. Im using my learnings from your videos in trading the Philippine Market. 🇵🇭😊 Thank you so much sir. 😁

@FinancialWisdom 3 года назад

Great to hear Solomoskie.🙏

@mikeyslife241 2 года назад

Is it easy to set up a brokerage account and day trade in the Philippines? Also is it easy to fund the account and send funds to your local bank account?

@RainCheck8007 3 года назад

Thank you for taking your time and make these video. You re the best!!!

@FinancialWisdom 3 года назад

Thanks for watching!🙏

@seansin3779 3 года назад

Hi your video's are great to watch and learn, With regards to the Andrew Abraham trend breakout strategy after reading the book what i understood is, when he says buy @20high and Sell @10 day - 10 day low is counting back 10 candles and placing a SL at the low of the 10th candle not closing the position on the 10 day low - correct me if i am wrong trying to understand what's right

@FinancialWisdom 3 года назад

Hi Sean, I'll take a look again... thanks

@verosbeb8962 3 года назад

@@FinancialWisdom so hows it?aaaaaaaaa

@muskduh 2 года назад

thanks for the video! I learned a lot. good reinforcement

@FinancialWisdom 2 года назад

Glad you enjoyed it!

@peralser 2 года назад

Your videos are amazing! Thanks for your time and for sharing your expertise

@FinancialWisdom 2 года назад

Thanks for watching sergio

@lakhangangurde190 3 года назад

Very very nice video sir 👌 Please make trading video more

@FinancialWisdom 3 года назад

Thanks Iakhan, i'll try

@NextLevelGamingRam Год назад

Ramkrishna here - I love you again for this wonderful video

@hedu5303 2 года назад

Done

@Christoph877 Год назад

I'm not sure I was quite understanding correctly the point near the end about risk of ruin (.5%, 1%, 2%...)... Were you talking about what % of the portfolio to risk in each position/trade?

@mr.upcycle9589 Год назад

Yes

@joshuabelarmino8785 3 года назад

Another one 🥰

@FinancialWisdom 3 года назад

Thanks Joshua

@schubertpeter79 3 года назад

u r the best! as always, a big 👍

@FinancialWisdom 3 года назад

Big thanks!

@elsp8417 Год назад

Muy Bien...Gracias

@samcurran8124 2 года назад

Great 👍

@FinancialWisdom 2 года назад

Thank you 👍

@kishankalariya 9 месяцев назад

Compound interest is real game

@FinancialWisdom 9 месяцев назад

Absolutely

@nagarajgb5053 3 года назад

Thanks for giving such a beautiful content

@FinancialWisdom 3 года назад

It's my pleasure👍

@bhartiporwal91 3 года назад

app great se bhi upper ho sir ji

@nielcavalier9029 3 года назад

What simulator do you use?

@FinancialWisdom 3 года назад

The excel file, in the link..

@argonaut119 2 года назад

Great job on the videos! Keep it up. Some suggestions: can you review Covel's Trend Following book? Somewhat different than the Trend Following Bible. A+++++

@FinancialWisdom 2 года назад

I'll check it out!

@201student201 3 года назад

Or invest in crypto 😎

@FinancialWisdom 3 года назад

true

@nhaatbaria579 Год назад

this video haven't CC Waht't ?

@FinancialWisdom Год назад

Excuse me?

@rajatkumardas5088 3 года назад

Nice video... Can you review some option selling books...?

@FinancialWisdom 3 года назад

Sure in the future👍

@glowy303 3 года назад

Great content, thanks!

@FinancialWisdom 3 года назад

Glad you liked it!🙏

@BassicVIC Год назад

Thank you!

@cagantunc4377 3 года назад

Thank you again. This video is very helpfull like always. Could you pls. make a video explaining your stock selection criteria?

@FinancialWisdom 3 года назад

Hi Cagan, thanks, I will but I told myself I would do it when I get to 100k subscribers 😉 spread the word🙏

@akshayjaison5750 3 года назад

😘

@FinancialWisdom 3 года назад

🙏

@poojanpatel4136 3 года назад

Wonderful video... Dont worry.... You will grow very well... Amazing knowledge

@FinancialWisdom 3 года назад

So nice of you🙏

@NirjharK 3 года назад

✨✨✨✨✨

@chiragdani2667 Год назад

Super Video.. God Bless You

@FinancialWisdom Год назад

Thank you! Cheers!

@chiragdani2667 Год назад

@@FinancialWisdom Sir , can you explain " Benner Cycle " concept ?

@swapnilp5823 3 года назад

Once again thank you!

@FinancialWisdom 3 года назад

My pleasure!

@rahul10124 3 года назад

Thank you🌹

@FinancialWisdom 3 года назад

You’re welcome 😊

@yuthpatirathi2719 3 года назад

Thank you

@FinancialWisdom 3 года назад

Welcome!👍

@bhartiporwal91 3 года назад

sir larry williams book..how i made i million doller in commodity give a video pls pls pls....................sir ji

@FinancialWisdom 3 года назад

Sure thing

@umutalper9822 3 года назад

Thanks a lot, great...

@FinancialWisdom 3 года назад

Glad you liked it!🙏

@MyDreamside Год назад

how do you backtest your strategies

@IhateCCP Год назад

What does risking 1% mean? If I see a breakout candle, by the time I entered, we are already far above the consolidation, do I still put a stop around the low of the consolidation area? Then I would be risking way more than 1%. Or do I avoid this trade because there was no way I could keep a 1% risk?

@mr.upcycle9589 Год назад

Pretty sure he means 1% of your equity. So if you had $1000 in your account and bought $60 worth of stock you'd set your stop loss at $50 and slowly move it up as it trended up. Then you would lose no more than 1% or $10 in that trade. So you'd have to figure out if the price and stop loss go together well, with a good spot on the chart. Because a $300 trade going down to $290 happens to easily. Have to set your trade size proportional to your max risk%.