French Feedback


“Dear Michael, Nice to see that the French version of your excellent book will soon available. I work for a money management firm in Paris, and I specialize in “dynamic hedging”, in the sense that I sell futures contracts on indexes, bonds or currencies, whenever my methodology tells me to do so. In fact, I am possibly a trend follower, as I mainly use breakouts in the current trend, put my stop loss, and ride the trend as soon as I can without any care for the fundamentals or brokers’ bla bla. Although I know you are not fond of day trading, I do it myself (because I am not authorized to hold positions overnight), and can tell you that trends in smaller time frames do exist. Anyway, thanks for the good work, and I enjoy reading your daily blog.”
Best regards,
Gwen A.

It’s not that I am against “day trading”, I just don’t know how you can really compete with the Jim Simons of the world. On a side note, it is puzzling that so many restrictions are placed on “overnight” trading especially since that is where the big money is made.

You might like my 2017 epic release: Trend Following: How to Make a Fortune in Bull, Bear and Black Swan Markets (Fifth Edition). Revised and extended with twice as much content.