Lessons from the Loco

I have a reader who really seems to hate and not understand trend following trading at the same time. One of his comments tonight:

“In the market, everything works and nothing works. If you use Trend Following then you rely on other people being dumb enough to buy after you. It is nothing more than that. And some times you will get lucky and some times you won’t.”

If anyone else out there has this view of trend following trading after reading my book, I would like to hear from you.