Quote from asap:
any serious professional knows that "trend following" is a not viable strategy in the long run because trends only exist in hindsight.
on the other hand, any so-called trend following system, would have to perform well in the present due to the impressive swings in the market.
now, it appears not only the fund is based on a false premise but rather it also fails miserably exploiting it when the conditions are favorable to do so.
:eek:
Any serious professional knows what an absolute joke this comment is. Some of the most successful funds that trade forex and commodities are trend following. Trend/counter-trend, BOTH work. You are acting like the typical ET bird-brain who just figured out the realm of counter-trend trading after failing to employ a successful trend strategy, thus now de-facto conclude trend is counter-"intuitive."
If/when a newb is fortunate enough to make it around the block, they will realize what an entirely circle-jerk argument this thread represents.
