Search results

I've just been watching White Chicks on TV. Kweku will return as a blonde in heels, wait and see :)

Very successful trader? In the two years since you left university? :)

Imagine if a trading guru said: "Be as well capitalised as possible, work extremely hard and try not to go bust in your first two years"? Boy wouldn't he do well :)

Making a big bet on trendfollowing is always a good idea because the best systems have statistically limited downside. However, the "downside" can be lengthy. Drawdown size is guaranteed but duration isn't! You need to make a big bet on PATIENCE.

Anyone who makes money selling trading courses, information or advice is not a successful trader. He is a successful SALESMAN.

Actually he's been saying that since 2000. In the early 80s he was extremely bullish when everyone had totally lost hope in stocks. He was dead wrong about the big stock market recovery in 2003, though. I'm not a believer in predicting anything, but when new world records have been set for...

RE, Gold, stocks, art & classic cars will all collapse together. USD will go up, up, up...

Agreed. Risk management allows you reduce the variation of returns about the mean, but does nothing to make the mean itself positive. I interpreted "lose 9 million and make 10 million" as drawdowns=returns, which is not what you meant.

That would suggest a rather poor approach to risk management

It's surprising how few of you here really "get" the idea of trend following. The poor performance over the last few years has NOTHING to do with JH losing motivation. It's purely a case of market conditions not having been favourable for trend following, i.e. we've had a lot of choppiness and...

Stick to that strategy buddy and you'll be wiped out in the next few years.

Surely it would be logical to have the crash now, just after the Socialist-In-Chief's reelection? He's got four years to play with.

And this situation is going to go on forever, right? :)

This will be a perfectly managed market right up to the day it collapses :)

The idea of trend following is that you have a (backtested) long term statistical advantage. "Long term" means, almost by definition, that there will be periods, often extended ones, during which it doesn't do very well. If if hasn't rained in a long time, is umbrella manufacturing finished?

In about 2 or 3 years Romney will be extremely grateful that he lost.

When people (especially people such as marketsurfer) say things like this it generally means trend following is on the verge of an enormously profitable period.

Exactly, the real art of the hedge fund is sales. The portfolio (mis)management is a mere sideline.

Anyone can make money when there are lots of big moves happening, but the art of trend following is to limit drawdowns when conditions are not favourable. That's pretty advanced stuff.

Some people have no patience, and we're grateful for them :)