The Rule by Larry Hite - Secret of Trend Following SUCCESS - (Book Summary)
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- เผยแพร่เมื่อ 15 พ.ค. 2024
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In his first book “The Rule” the hedge fund manager Larry Hite who is known as one of the forefathers of system trading shares how he got from being a rock music promoter to having one of the biggest hedge funds in the world.
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This is very good advice!
Glad you liked it!
I read this book, The Rule is cut your losers quickly and ADD to your Winners. Following this principle resulted in seeing my equity curve trend higher at a 75 degree angle! The You Tube Chat with Traders interview with Larry Hite is definitely worth listening to.
We Love Larry as well. Almost anything you can find with him on the internet we had listen to it.
How do you add to your winners?
@@William.-. I swing trade and the money from cutting the losers is rolled into the 3 largest percentage gainers. I will buy more shares or option contracts (calls/ puts).
@@William.-. excellent question. I agree with Adrian. These are key points 👉
@@adriandmd I just read this again, do you add to losers?
Very nice. Thank you.
Thank you for watching!
Great summary of the book. I would like to read this book.
Thank you, the book is a great read!
great video ✌✌✌✌✌
Appreciate this.
It was/is a GREAT book & it's a quick read even though that doesn't mean much to me at all!!! If you read the book it will do nothing but help you become a better Trader!!! 🤴🏽
Totally agree :)
Thnx
Thank you for the great job. (Please help to summarize Trend Trading Set-ups by L.A. Little. ).......thank you once again.
Thank you for the suggestion, we will consider it
I LOVE your channel
Thank you so much.
Which software do you use to create these animation
Vynd
@@ReadAndGrow thank you
How to sell as a trend follower? I got confused when i read william oneil book
William O'neil is not a trend follower, if you want to know how to sell as a trend follower, the book you should read is "Trend Following by Michael Covel".
@@ReadAndGrow William O'Neil is a trend follower. But, yes, his book "How to Make Money is Stocks" is a really difficult book to read, because it is jam packed with so much information. I use it like I would an encyclopedia, as a reference to hone my skills over time.
Mira, Only add to positions that you are making money on. And always sell positions that you lose based on what ever stop loss you have chosen, whether that is 7%, 8%, 9%, 10%. I found I was letting my loses get out of hand. So I started actually putting an actual stop loss on my stocks when I made my initial purchase. So, if I keep getting stopped out that tells me the trend is not up. Then I'd need to wait and be patient for the trend to change and go up. Obviously no use following the trend down. good luck.
Yeah maybe the mindset is what im lacking . I should be excited when the price pull back in a winning stock coz i can buy more shares😊 thanks
@@walksoflifeph No, DON'T buy more if your position is down. The sign in John Paul Tutor's office is "Losers average Losers". As I previously said ONLY add to positions that you are making money on. I had to learn that lesson the hard way. I don't buy when a stock goes down any more. Knock on wood.
Larry's early ears...years
Yes, some tough years but then everything changed:)
1.25x
❤️
Increase you voice volume in video very low sound unable to hear clear
Noted :)
Trend is your friend = buy high, sell low
This is how amateurs are doing it.
@@ReadAndGrow no, this is excactly what this 'rule' says at face value. If there's nuance to it which makes it counter-intuitive then you ought to explain that unless you want to convey excactly that - on average you'll buy high, and sell low following the trend.
@@MrRumcajs1000 you are both right but both of you think you are wrong buying high and selling low = losing money - buying high and selling higher is the rule - selling lows to cover lower is the rule - but simply saying buy high sell low = losses, the only way to make money is to sell for a higher price than you bought or to profit by covering / buying back lower than you sold from. Everyone says buy low sell high which is true but Larry Hite is saying buy higher sell higher & its exactly what I do in my own trading I dont just trade the trend, I trade the best trends where you would have to be foolish to be on the other side I want all traders who are trading it on all time frames to have the same bias thats when you have the wind at your back, the odds in your favor with fresh lows and fresh highs
@@rimo1703 it's already priced in, there's no 'wind', sorry