Trend Following-Trend Commandments

Quote from Trend Following:

'Trend Commandments' has a chapter for cranks and squeals. Starts p. 193. If there are more classic statements made on ET those can be included in the next edition. In the short term I will wait for Dr. Star Wars to explain where the books are wrong. Waiting.
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Quote from bwolinsky:

I believe the question is what do you define as trend?
What Does Trend Mean?
The general direction of a market or of the price of an asset. Trends can vary in length from short, to intermediate, to long term. If you can identify a trend, it can be highly profitable, because you will be able to trade with the trend.
<center><IMG SRC="http://i.investopedia.com/inv/dictionary/terms/upwardtrend.gif" width="306" height="246" alt="Trend"></center>
Investopedia explains Trend
As a general strategy, it is best to trade with trends, meaning that if the general trend of the market is headed up, you should be very cautious about taking any positions that rely on the trend going in the opposite direction.

A trend can also apply to interest rates, yields, equities and any other market which is characterized by a long-term movement in price or volume.
 
Lest we forget:

Quote from Colyn.Rosenthal:

Maestro, you are a master quant, you are a master trader, you are an investor's investor, you walk the walk and talk the talk. You can back up all of your opinions with cold hard facts.


Have you faced Maestro's trading room, bowed down and repeated this 25 times yet?

Really, if you had an ounce of humility you'd have left the thread after making these grandiose claims and not being able to provide a shred of evidence. None. Nada.

Since Maestro can't get the trend definition he wants, and since no one can prove their systems (Covel), software (Maestro) or alchemy (Hershey), this thread should end.

Oh, and no need to cite a link or quote something in another language to try to sound smart. You don't need another epic failure.

abi igitur!
 
The objective of this thread is for people who have read my books (or are reading or will read soon) to engage over that content. If some want to gripe about other subjects, declare they are moving on, lament that I don't show proper respect for the mentally deranged, etc. -- go for it. I will continue to add trend following material over time.

P.S. Would like to see Dr. Phi/Star Wars point out the inaccuracies across 4 books. Waiting.
 
Quote from Winky:

Yeah, there is even a guy here who claims to be a noble prize winner. Traders are dreamers for the most part thus get sucked in by the pied pipers---

Did you get any intel on Dr star wars? I'm sure there is more than meets the eye with that character.

There seems to be some pyschological factor at play, too.

If you're a known expert or "vendor" who writes books, goes on CNBC occasionally, etc, you're immediately distrusted. The same is true of vendors who use normal (or aggressive) internet marketing techniques. I agree most of these experts/vendors are worthless. However, they seem to be lumped together and written off here as a whole without even examining their track records (if they have one).

However, if you're a regular at ET and self-proclaimed guru, you command a lot more respect. It makes no difference if your strategies are bizzare and indecipherable. Nor does it matter if you never show audited performance reports or make a statistically-significant number of live trades. You'll find many true believers who are determined that your strategies "work." They'll always find some anecdotal evidence. ("The Crypto-Fractal Discombobulator gave a great signal six weeks ago on a 3-minute Soybean chart. This stuff is incredible!")

What's more, some of these ET "experts" sell their own wares (books, chat rooms, seminars), but do it quietly.
 
Quote from Winky:

Yeah, there is even a guy here who claims to be a noble prize winner. Traders are dreamers for the most part thus get sucked in by the pied pipers---

Did you get any intel on Dr star wars? I'm sure there is more than meets the eye with that character.

Welcome back marketsurfer. I didn't realize Baron actually banned you -- I thought you left voluntarily.

I see you could not give up your habit of spawning sock puppets. Very noble stuff sir.
 
Quote from Winky:

Another marketsurfer groupie, I see.

Go back to your hero worship.

Do you remember what I told you about "acting with integrity" when you were first allowed back into ET as marketsurfer (notwithstanding the hundreds of sock puppets you created)?

I see you haven't learned from your own behavior. You don't seem to recognize the pattern with your bannings actually resides within you, not other people.

Keep in mind that your presence in this thread does not help Covel -- it will rapidly send it further downhill. It would be in his best interest as a salesman, trying to market to traders, to reign you in.

I won't reply any further here, as I know this will also end up in disaster.
 
I highly recommend people read as much free material about the 'Turtles' as possible, then when done with that exercise my book The Complete TurtleTrader will actually tell what happened--not just the myths that propagate among the anonymous. There were winners and losers and it helps greatly to know how it all unfolded--if you actually want to learn lessons from the experiment.
 
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