The Complete TurtleTrader - "Memo" to Cut Back

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Quote from rwk:

A supplement to the 11/2007 issue of "Futures" magazine, entitled Agents of Change, has an article about Richard Dennis that appears to have fairly recent quotes. This is one I found interesting:

Dennis says trend following is more difficult today and the struggles of trend followers are not simply due to cycles but to a fundamental change in the markets. "Something has changed. There is certainly more efficiency. I think trend following is harder, it had to get that way because the more people do it, the more that the opportunities are arbitraged out," he says.

[rwk]
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heres TF system going back to 1970. Things have changed in some ways, but the basic underlying basis for price movement, human decision making tree, haven't. And even algo's will have a underlying decision making principle or basis, that can be elucidated from price patterns.

-gold
-oil
-dollar
-bonds
-equities

are caught in psychological loops. Much more so, dollar and oil.
 

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I had 2 futures managers around the time of the LTCM crises. I think that dennis blew up after that. So I am guessing 2000.

If you have the records.

he had about a 30% draw down in the spring. Then he made a in just a few months.

I took out my profits to buy a house in July or August and then he nose dived in the fall.
 
Quote from jem:

I had 2 futures managers around the time of the LTCM crises. I think that dennis blew up after that. So I am guessing 2000.

If you have the records.

he had about a 30% draw down in the spring. Then he made a in just a few months.

I took out my profits to buy a house in July or August and then he nose dived in the fall.
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Yes, fall 2000 DD, then at the bottom (off top of head Sep 00) the main allocation to his then fund pulled out. He has not publicly managed since.
 
Yes, there is clearly hysteria in ET by a few. While a few will rant and rave nonstop, I will stick to the facts and let readers judge. When you dig into stories deep, facts come out. That is a major reason why "The Complete TurtleTrader" resonates with many.
 
Quote from Joab:

LOL

I give you one week in this forum before your torn to pieces.

You aren't in Kansas anymore Dorthy, this is ET and we don't take well to snake oil salesmen in here.
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Registered: Jul 2006
Posts: 1197


Registered: Aug 2004
Posts: 392

First one is you, second is TF..it seems to me he has been here for awhile.
 
Quote from BrightPropGuy:

Michael Covel,
Here is some more good stuff for your upcoming film!
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The film is an educational journey, not a drama queen expose. :)
 
<a href="http://www.michaelcovel.com/archives/001433.html">Interviews</a> for the film from pro poker players so far have been great.
 
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