trend chasers always LOSE !

Quote from Mr.Consistent:

Agree. What I cannot understand is why some people don’t wait for a pullback, which would result in better R/R and more logical stop placement. Then they could enter when the lower timeframe begins to reverse back in the trend direction.
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I don't trade pullbacks and I do fine, people who trade pullbacks do fine as well, can you explain that ?
 
Quote from marketsurfer:

General Properties (NYSE: GGP - News), one of the largest mall operators in the states, had to file for Chapter 11 bankruptcy protection due to its aggressive and overleveraged expansion at the height of the real estate boom.

Yes, as the example of General Properties and once highflying homebuilders (NYSEArca: XHB - News) shows, trend chasing is actually the root cause for the financial and economic meltdown. The fear of losing out on profits caused even the most prudent investors and business men to throw caution to the wind.
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lol... a bit of a stretch surf, even for you. This doesn't have much to do with trading a trend in the markets.

I do admire your utter lack of shame, though. You have the balls to make shit call after shit call (or more accurately, blind guess after blind guess) and then, when one turns out to be right by sheer chance, pretend that you're a... what was it you called yourself? Oh yes, a 'market analyst'! That has to be worth something.
 
Quote from T2GR8T:

Exactly, those juvenile enough to think that only one way works for everyone deserve to be fodder for the market
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That is the point I try and try to get into Surf's thick skull. I personally use a trend following-like approach to trading . It works very well for me. That being said I know guys who are complete contrarian/mean reversion traders. They do excellent as well. It really depends on the trader and most importantly, money mgmt.

Personally I think fading/contrarian trading can get a person in big trouble ,if they don't have a proper stop loss strategy in place. I also am not a huge fan of averaging down, because you end up with a much larger position size on your losers, than your winners. But...these strategies do work when handled correctly.


But like you said, it's juvenile for a guy like Surf to repeatdly say a strategy like trend following doesnt work. It shows you how little knowledge Surf has when it comes to trading. He likes to try and use big words and act like some hotshot , when in reality, he is just another guy who can't trade , but likes to tell people how to successfully do it.
 
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