Start: Thu, Aug 30 2012 14:00 GMT
Most people like to trade in the direction of the primary trend. The general belief is that the trend is a trader’s friend. Simple laws of physics confirm that any object in motion tends to remain in a state of motion. For this reason, many profitable strategies are trend following by nature. The most famous Market Wizard Ed Seykota made hundreds of millions trading with the trend.
But what are the dangers of trading with the trend?