I'm becoming a trend follower

nodelta · May 21, 2004

Quote from highfreq:

Looks like you may be a bit late to the party.

I would have looked late to the party at 30, then 35, then 40

dbphoenix · May 21, 2004

This stuff always looks good in hindsight. The prickly problem of entry, however, remains, rarely explored due to the mob that cries "entries don't matter".

But, yes, obviously, if you know how and when to enter and how to manage the trade, nothing is easier than trading the trend.

Ikspec · May 21, 2004

Quote from nodelta:

I would have looked late to the party at 30, then 35, then 40

Wow, I think that's one of the greatest things I've ever hard. You made my day nodelta

cognitivefun · May 21, 2004

if you are really a trend follower, you buy high. So buying crude right now would be a good proposition. Nobody can say crude won't go to $50 or $80 or $100 per barrel, can they?

dbphoenix · May 21, 2004

Quote from cognitivefun:

if you are really a trend follower, you buy high.

Oh? Why not buy at the reversal, where the (incipient) trend begins?

axeman · May 21, 2004

Hey, if you can handle those kinds of drawdowns.
More power to you.

I prefer my system that only has a 6% drawdown.

peace

axeman

Quote from nodelta:

Been there...done that.

opw · May 21, 2004

Is there any other way to make money than go with the trend?

mmillar · May 21, 2004

If you only follow one market you will get stuffed. But if you diversify then trend following can be extremely profitable.

GatorTrader · May 21, 2004

what % stop do you use if you want to write the trend, but not get stopped out if the ride isnt straight up? i would use moving avg crossovers to find the trend, but do i always need a stop if riding the trend without being stopped out along the ride up? or a mental stop?
and what market is best for beginners? mini gold, crude, & mini dow?

axeman · May 21, 2004

Yes

peace

axeman

Quote from opw:

Is there any other way to make money than go with the trend?