"Momentum investors are like the surfers we watch from beaches along the Pacific coast. Both must catch a wave. Both attempt to ride it as it breaks. But the ability to glide away smoothly before being caught inside the inevitable crash(ing wave) that follows is what determines success."

http://www.etf.com/sections/features-and-news/how-not-wipe-out-momentum?nopaging=1

You have to remain humble, especially when things are going well because no one knows what’s going to happen or how long success will last.

looking at charts, it's not what you look at that matters, it's what you see, and what does it mean to you, and what are you going to do about it

Nassim Taleb, of “Black Swan” fame, was asked, “What are the biggest risks out there right now?” He replied:

The fact that the world, as a result of quantitative easing, has seen an asset inflation that benefited the uber-rich, and that nothing has been cured. One cannot cure debt with debt, by transferring from private to public sectors. The markets will ultimately crash again, although this time it will hurt a lot more people.

Trend is still up. Enjoy the ride.

                             Most sectors remain in uptrends like the market itself. 

To be successful, you must at this moment decide exactly what your goal is and lay out the steps by which you plan to reach it.

Research
Idea generation
Trade structuring
Position / Risk management 
Portfolio / Risk management
Self management
Performance management

Trend is still up. Enjoy the ride.

the best book on trend following

"If you take risks and face your fate with dignity, there is nothing you can do that makes you small; if you don't take risks, there is nothing you can do that makes you grand, nothing."

"Failure is a trickster with a keen sense of irony and cunning. It takes great delight in tripping one when success is almost within reach."

BOX

                                   inverted H&S

The information contained herein is for educational purposes only and is not, and should not be construed as an offer to hold, sell or an offer to buy any securities.

“Risk is a no-fooling around game; it does not allow for mistakes. If you do not manage the risk, eventually they will carry you out.”

"the best predictor of long-term returns is the presence of a well-considered, rational decision-making process that displays a deep understanding of the dynamics of the marketplace"

You choose

Yes, exit strategies are very important part of trading strategy

“Your own psychology is likely to contribute more to your success than your system.”

What do people do?

Trying to predict the future is futile and runs counter to making money in the markets.

new issue

                    stalking

Trend is up. Enjoy the ride.

The greatest enemy to success is you ~ the man in the mirror will allow you to get what he wants out of the market ( life ).