The trending market is essentially a place to extend profits and not an entry timing.

While a trending market is occurring, even if you know where to enter

it is not the optimal entry timing

In the end it becomes the “head and tail” theory

The merit of trend-following is

to cause losses to swing back and forth in a range market,

and to brilliantly carry out that reversal in a trending market

Nevertheless, to extend profits in a trending market

you go out of your way to add a filter to prevent losses in a range market

and you end up losing the place where profits could be extended, which is a real waste

Also, from that perspective

it becomes the “torso and tail” theory

but in reality you end up needing to take profits at the “torso and torso”

Because when you enter at the torso portion

the place to take profits inevitably becomes a weak point

In other words, you end up taking profits at a very shallow part of the overall picture

Even though a trend market is still developing, you end up taking profits at the torso

This happens because you don’t try to enter at the head

When you follow the head-and-tail theory for a trend-following approach

your resolve and nature change suddenly

You start thinking about extending profits

and it becomes a strength of the trend-following strategy

Markets inherently shift, so many people think it’s difficult, but

the more you become knowledgeable about trending markets,

if you practice a combination of trend-following and profit-extension strategies,

you realize surprisingly well that the end of a trend market is a place that can be understood with ease

Following trends to extend profits is the basic style,

and I still think the head and tail theory is correct

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