Niederhoffer thinks "follow the trend" sucks

Mark Moskowitz said:
Why would anyone want to fight the trend, my definition of the trend is where the big money is flowing. We are all small fish. In addition to following the trend, I find a reversion strategy very helpful for risk and reward.
More...
So long as the trade is pointed in the direction that the market is moving, who cares what we call it, eh? :)
 
Frederick Foresight said:
So long as the trade is pointed in the direction that the market is moving, who cares what we call it, eh? :)
More...

Once again, i agree with this. My time in your nation must have sent good vibes to the population as you seemed to have undergone an attitude adjustment.

Clearly trend matters after a directional trade is entered. My argument is that trend does not matter prior to entering the trade. In other words, trend is subjective, can not be objectively defined, and is the wrong way to think about market price.

Last i heard the great trend follower ed seck$t@ agreed with me.

surf
 
marketsurfer said:
In other words, trend is subjective, can not be objectively defined
More...

My Lord, how do Thee define "objective"? The lowly Webster defines it as

based on facts rather than feelings or opinions​

Do Thee suggest that the definition of trend as defined by many Trend Traders as "higher highers and higher lows", or "lower highs and lower lows" exists only in their "feelings or opinions"? Is it even remotely possible to construe aggregated T&S data (aggregated in whatever time frame, or other aggregation criterion, they use) as facts?

Can Thee care to educate and enlighten us?
 
monoid said:
@Butterball: What are you talking about? :) 'Confusion' (about concepts in Math, Stats, Logic, and Finance) and surf? But .... But his wife has a PhD in Finance, and he is surrounded by Math and Stats PhDs. So, he too is an 'expert' in those subjects. Just like I am an expert in the anatomy of Brain and Spine 'cos my brother is a Neurosurgeon!

How dare you tell him he is confused! :)

@marketsurfer: Thanks again for engaging in conversations and providing amusement!
More...

My bet is that if you interviewed your brother and spent time observing and talking with him --you would know more about neurosurgery than most ---
 
You must log in or register to reply here.
Back
Top