The simple aim of Tactical Trend Trading is to illuminate the path to that better way. The methodology I share with you in the pages of this book will work over the course of any investment cycle. In broad terms, you can divide the goals of this book into three major themes. The first is generating returns and finding the stocks, market environments, and futures markets that are conducive to meeting that goal. The second is risk control, discipline, and avoidance of common pitfalls that await the amateur and seasoned trader alike. The third is a philosophical and epistemological framework that correctly reflects and works with the real world—not the theoretical world taught by academics and Wall Street talking heads.
Tactical trend trading, in my view, is the most reliable way to increase your net worth and gain financial freedom in an uncertain world. It entails significantly less risk than long-term buy-and-hold investing in individual stocks. It takes commitment, discipline, and the right psychological makeup, but for those willing and able to make the journey, it is the truest path to financial freedom.
Here are the primary benefits to tactical trend trading: at any given time your assets will be at work in the leading stocks and futures markets or will be safely in cash, your stop-loss sell discipline will protect your hard-earned capital during the inevitable times when you are wrong, and you will be in tune with the broader stock market and macro environment. The long-term buy-and-forget investor, on the other hand, will typically enter the market on an upswing and mentally commit to a conservative investment program. When the bear market comes to maul his portfolio, he will either cower in fear, hoping his investments rebound, or sell his “long term” holdings into the bad news of a slumping stock market and incur a terrible loss. I’ve seen it happen time and time again. Most investors simply do not have the stomach for the gut-wrenching 20-40% drops that are inevitable over a full market cycle. There is a better way.
- Tactical Trend Trading
- The Market Backdrop
- Setups and Chart Patterns
- Technical Tactics
- Market Considerations
- Systematic Trend Following
- Discipline and Risk Control
- Summing It All Up
Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets By Robert Robbins pdf