Tactical Trend Trading: Strategies for Surviving and Thriving in Turbulent Markets is a book authored by Robert Robbins, an experienced trader and hedge fund manager. Robbins uses his experience to provide actionable strategies for traders to identify trends and profit from them, even in volatile market conditions.
The underlying premise of the book is simple: follow the trend. Robbins advocates for a systematic, disciplined approach to trading. The book guides readers on how to identify both long and short trends in a variety of markets, and then execute trades that align with these trends. In doing so, it aims to mitigate the risks associated with market speculation and improve the consistency of returns.
A noteworthy aspect of the book is its focus on the psychological elements of trading. Robbins stresses the importance of discipline, patience, and emotional control in achieving trading success. He also discusses the risks of overconfidence and fear, and provides strategies for overcoming these common psychological pitfalls.
In addition to trading strategies and psychological insights, “Tactical Trend Trading” also provides a thorough examination of various financial instruments, including stocks, bonds, commodities, and currencies. This allows readers to understand how trends behave in different markets and choose the ones that best suit their trading style and risk tolerance.
Overall, “Tactical Trend Trading” is a comprehensive guide for traders of all experience levels. It offers practical, ready-to-use trading strategies, alongside valuable insights into the psychological aspects of trading, making it a valuable resource for anyone interested in trend trading.