Trendiest asset classes

[stevenpaul]

Quote from 007Arb:



Thanks, I think. I am hardly one to defend my old books, especially the first one about daytrading the stock index futures. That book in fact is beyond outdated and I wish the publisher would retire the darn thing. As for the second book, I am not so sure it is *that* outdated other than some of the daily momentum patterns I formerly used. We agree, markets change and traders need to change with them. However by far, 2009 is the best trading year I have ever had on a dollar basis. And it is all due to junk bond funds and emerging markets bond funds and their persistency of trend combined with their lack of volatility. It's the exact same principles (tight rising channels) I used with them in the 90s, 2003, and today, so at least in bond funds, not much has changed. Why I prefer trend persistency combined with low volatility is that enables me to put my entire trading capital at risk, something I could never do while trading futures or equities.

Interesting. 007ARB....? Are you saying that you are Gary Smith? Wow, if so, this forum's stock just shot through the roof. Gary Smith is the real deal. I've pored over __How I trade...___, reading it and re-reading it numerous times since it 's first release. No single book has influenced me as much to date (meaning, made as much money for me). I have to laugh when people claim how much trading has changed and how the gems of wisdom contained in books such as Gary Smith's no longer apply, when much of what is in the book stems from the lessons learned and taught by the great traders of decades past, such as Livermore and Darvas. No, trading hasn't changed all that much because people don't really change, and they're what markets are made of. Wow, Gary, if that's really you, let me give you a warm welcome to this forum and a sincere thanks for your copious wisdom.