Trend Following – GBPJPY – what it cost me!
I am currently reading the book Trend Following by Michael Covel which talks about the trend following phenomenon and talks to a variety of traders how how they made it trading. One thing which stuck to mind was the advice which I hear time and time again, cut your losers and ride your winners. A few paragraphs from the book write "A good example of not letting profits run can be seen in trading strategies that take profits off the table before a trend is over. For example, a broker reveale
