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"Smoothing out the equity" is precisely what many traders try to do. No trader in his right mind wants more downside volatility than he has to accept. That is why most traders are engaged in continual research and are engaged in cautious modification over the years. A smooth equity curve...

I find myself in the unusual position of having to agree with Trend Following. Van Tharp's methods will presumably only be able to come to a conclusion after the event - they will not be able to tell you in advance when to switch from one system to another. Wouldn't that make life nice and...

Jesus has hit the nail on the head. In my view, such an investor would be better to avoid managed mutual funds (which have underperformed historically) and stick to index trackers. Index trackers avoid stock specific risk and can be said to "self adjust" as far as the investor is concerned -...

I hope you enjoy it.

Just so. I feel that we have had an amicable and useful discussion.

Ah, my apologies. Certainly.

As I have said with much patience all I am recommending is the software originally created by Curtis Faith and an excellent book he has written about back testing trading systems. I have no need to distance myself from Curtis Faith since I have never had any connection with him in the first...

Gosh, no - all I am recommending is Curtis Faith's book and the back testing engine which he helped to create. You may well have a copy of Trading Blox - I don't know. Since Curtis' day it has been enormously further improved - and it was a hell of a piece of software in the first place...

Oh I entirely agree with you. I meant sad for everyone, including of course the investors - the ones who actually suffered financial loss. You are entirely right about the need for investor protection.

No, there really is nothing more going on at all. All you need are the bare rules which you can find using Google and searching for "The Original Turtle Trading Rules" and a good back testing engine. With the program I use the rules are pre-programmed for you by Curtis Faith. You will find that...

No, there really is nothing more going on at all. All you need are the bare rules which you can find using Google and searching for "The Original Turtle Trading Rules" and a good backtesting engine. With the program I use the rules are pre-programmed for you by Curtis Faith. You will find that...

Actually I believe the maximum drawdown from the peak in 2007 to the recent trough was more like 50% for the S&P and 80% for some exotic markets. They will however recover (or most of them will) if trade and life as we know it continues. The point I have been trying to make is that overall...

Interesting - according to Sand's website he is still flogging the Original Rules: This letter is your invitation to meet with me face-to-face to learn the exact same Turtle trading system which made my fortune. Presumably he has not heard they have died either. despite the fact he says...

Funnily enough, I saw that quote on the salesman's website only yesterday. I believe he uses some sort of automatic rotation system for headline quotes so that the website appears fresh every day. My own trend following has been profitable and successful. But then I use the leverage of the...

Consider Buy and Hold a little more carefully. Consider asset allocation. Consider re-balancing. Consider dividend flow. Times are indeed tough but it is not all down to Buy and Hold. With the right mix of assets the strategy can be a perfectly viable one. The majority of fund managers...

One has to hope and assume that Russell is not still touting the Original Turtle Rules. System 1 died some years ago. Or there again, perhaps he is. In any event, his claims sound a little extravagant, even by the standards of a systems salesman.

"Buy and Hold" by its vey definition is buying and then HOLDING. It does not consist of buying short funds or puts in a downturn nor buying into a market rout. These guys provide a pretty good example of pure Buy and Hold: http://www.ifa.com/ Combined with intelligent and dynamic asset...

I recently came across the following statement on a salesman’s website: Buy and hold is dead. It's over. Game, set, match. Trend followers were the only ones who made money in the greatest market melt down since the Great Depression. Do you know how they did it? What an extreme...

The same salesman who back in mid October made the following comment on his website: “Occasionally, someone trying to promote something or start a debate will argue that trend following rules must always change due to changing market conditions. This is nonsense. It is a specious...

Very, very true. Double or triple MA, channel breakouts, a moving average with an envelope......turltes......rabbits.........turbo charged or otherwise...and so forth. There are so many ways to capture a trend. Pity the the guys starting out can't be told that. And that they can't accept it...