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Decision-Making: Core to Trend Followers' Success

Michael Covel (March 29, 2005)

The ability to make decisions when faced with an assortment of opportunities and choices is central to Trend Following success. The following links must be read by all:

  1. Example Heuristics (PDF)

  2. Smart Heuristics by Gerd Gigerenzer

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  • Market Wizards Ken Tropin

    The basic trading strategy that all trend followers try to systematize is to "cut losses" and "let profits run". (Read more)

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