Losing a position is aggravating, whereas losing your nerve is devastating.

Losing a position is aggravating, whereas losing your nerve is devastating.

The trend is your friend except at the end where it bends.

Trying to trade during a losing streak is emotionally devastating. Trying to play 'catch up' is lethal.

Trend following is an exercise in observing and responding to the ever-present moment of now

In order of importance to me are: 1) the long term trend, 2) the current chart pattern, and 3)picking a good spot to buy or sell.

Psychology motivates the quality of analysis and puts it to use. Psychology is the driver and analysis is the road map.