What is he doing now? Define his action please.
Jim Simons Trashes Trend Following
- Thread starter marketsurfer
- Start date
What is he doing now? Define his action please.
Enjoying profits from his well-placed contrarian bet.
You gotta be kidding me, he is riding a contrarian bet, so that's what you call riding a trend nowadays.
I guess it depends on how you define up/ down trend, over/ under bought/ sold, etc... SHAK is still above 30 RSI... In any case, Drivers™ were in for a big gain long before any trend change.
Well, let's not forget that initially it was a loss, when PD was early.
Secondly, you can call a wheel whatever you like, it's still a wheel. His entry was countertrend, but real benefit comes from riding a trend, he is not riding a countertrend, his entry was based on countering uptrend, now he is exploiting a downtrend. Or are you suggesting that SHAK is still in an uptrend?
Secondly, you can call a wheel whatever you like, it's still a wheel. His entry was countertrend, but real benefit comes from riding a trend, he is not riding a countertrend, his entry was based on countering uptrend, now he is exploiting a downtrend. Or are you suggesting that SHAK is still in an uptrend?
No, I'm suggesting you're -- after the fact -- saying SHAK was a sell because it's in a downtrend. But do you see it continuing lower NOW? It's 41.63 last print... PD™ called the big move before the fact.