Falling Prey to The Wall Street Journal Spin

Received this request recently:

Hello, I would like to know your view on this article by John Taylor.

Thanks for the opportunity to clarify:

1. In my 4 books I address multiple historical instances where trend following was pronounced “dead”.

2. Trend following is not meant to be a currency only strategy. Diversification is mission critical.

3. Some trend following performance for comparison: http://www.trendfollowing.com/performance. Please keep eyes wide open to a longer time horizon v. the short-term focus of a WSJ reporter spin pen.

4. Taylor sounds as if he is using fundamentals to explain trend following strategy. Trend following is a systematic technical strategy. There is no fundamental usage.

Tagged with: , , , , ,
Posted in Holy Grails
Table of Contents
Michael Covel Books

Underground Insights

Subscribe now to free email newsletter and get latest blog posts, podcast episodes and special offers delivered to your in box:

Pricing for trend following systems, risk management, trader psychology training and black swan strategies. Absolute return systems and education for new traders and established pros. Thousands of clients across 70+ countries. Client feedback.

The Trend Following™ podcast with Michael Covel. Listen now on iTunes and Android. Top minds and alternative commentary. 3M+ listens across 300+ episodes.

Free Video

A unique trend following experience on DVD sent to your home. Get your free DVD delivered.

Michael Covel Books