You don’t develop courage by being happy in your relationships everyday. You develop it by surviving difficult times and challenging adversity.
—Epicurus (341 BC–270 BC)Philosopher of the 4th century BC
I have been told many times that trading is simple: Just follow the trend, as the trend is your friend!
The strategy is also simple: buy stocks in an uptrend, and when the trend changes downward, swap into another upward trend. In other words, always have your shares in upswings. Timing can be from a few hours to some months to even some years.
The next step to this strategy is to use an averaging methodology, which means that the trader keeps adding to his or her position as long at the share keeps rising. ...