trend following delusion shattered
- Thread starter hank rollins
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An absolute fact... no question about it: John Henry's funds have made billions of dollars in profits for clients thru the years. Trend traders who hold positions for months = years do not concern themselves with relatively short-term performance as per this thread measures. A down year or two is irrelevant when their 20-year track record speaks for itself.
Speaking as a pure intraday emini trader (at this time) I will also add that the act of following trends intraday, be they hours or minutes in duration is where the biggest money is, by a country mile.
Hope this helps :>)
Austin
Speaking as a pure intraday emini trader (at this time) I will also add that the act of following trends intraday, be they hours or minutes in duration is where the biggest money is, by a country mile.
Hope this helps :>)
Austin
Quote from marketsurfer:
in the interest of full transparency and to answer mr. steve's querry, and to correct his misstatements of facts---- the marketsurfer alias was banned from elite due to competitive concerns of this sites management, therefore "hank rollins" entered the fray. marketsurfer has been restored to being an active alias, therefore, hank rollins has been retired.
nothing more, nothing less..... the conspiracy ideas are fascinating, keep em coming!
and yes, there is some truth to your idea of WHY i continue this conversation..... however, i have not "blown out".
surf
Well surely there is an audited record of your "fund's" performance? Or your personal trading performance. After all, you have been asking everyone here to provide data. Where is your's? I am sure we would all love to see confirmation of what you have just claimed.
Steve
ok - now i see what you meant. but what if you enter in the direction of the (past) trend - after a pullback (reaction low) - are the odds of the market going (further) in your direction any higher than at any other point? or what if the reaction low is taken out but nevertheless few minutes later the trend resumes?
If the trend is in it's infancy , yes. However, you should already be in and the reaction low/high becomes a place to place stops or reversal trades. You place the stop or reversal outside of the reaction low/high a predetermined distance. As far as the second question, you'll find that the reaction low/high is seldom taken out without a reversal or a cessation of the current trend. That is the essence of trend following. If you would like to see an example of what I am speaking about, take a gander at the 60 minute British Pound futures chart over the past couple of days until right now.
this seems self contradictory.
JWH has made billions, for his clients, long term, but the biggest money is intraday by a country mile?? what am i missing???
surf
Surf, I spoke in two completely different context of topics
#1: John Henry has made billions from trend trading
#2: apart and away from position trading like Henry and others, intraday trading as many of us prefer is likewise most profitable when traders ride the directional swings rather than attempts to "scalp" the wiggles and blips counter to those short-term intraday trends.
One example had nothing to do with the other, sorry about that confusion :>)
#1: John Henry has made billions from trend trading
#2: apart and away from position trading like Henry and others, intraday trading as many of us prefer is likewise most profitable when traders ride the directional swings rather than attempts to "scalp" the wiggles and blips counter to those short-term intraday trends.
One example had nothing to do with the other, sorry about that confusion :>)
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