The ultimate goal of trend trading is of course to make some money. Nobody or very few people only are spending time investing their money in the stock market just for fun. The objective is of course to make money. The exception here is maybe those people who analyze trends as a profession for their employer. They get paid to do the work. But I guess when they see some good trends; they put their own money behind them as well.

The points below are some random gems of trading knowledge which you should keep in mind. 

- You are always better off owning the wrong stock at the right time, than the right stock at the wrong time.

- There will be times when you should be out of the market completely.

- Having a stop-loss order is a tool that can help you become successful. This also includes the "trailing" stop-loss order.

- It is important that your stock has enough following to make a string of new highs.

- When stock volume rises substantially, somebody knows something. If price rises, along with volume, that could be considered a buy signal. Let volume and price go up some before you buy. These are the two best confirmations.

- When the majority of people are bearish, most people are probably wrong. When most people are bullish, they might be right sometimes.

- When stock price stays in a very narrow trading range for a long time, and then comes out of it on the up-side, you can be pretty sure the stock has been under accumulation. This is quite bullish.

- When the general market movement to cover begins, prices tend to go up very rapidly. This is called a "climax run". Get out immediately and protect your profits.

- It is of utmost important to follow a trend, but you should always be watching for a reversal. The charts will give you a clear signal with price and volume analysis.

- If the stock price goes up, but volume stays low, do not buy. When both price and volume rise together, that is your signal to buy.

- If the general mood of the stock market falls below its 200 day moving average, it is probably wise to sell your stocks. The market is trying to tell you something.

- Stock markets tend to go up just when nearly everybody seems to agree they must go down.

- Always unemotional in cutting your losses short, and let your profits run.

- Buy stocks when they are making new highs, and attracting institutional attention. Do not buy when they are down at the bottom.

To your profitable trading.

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