Stop Making Sense

I received this feedback:

“Jim Sinclair said that just relying on computers and computer models cannot be a substitute for the real knowledge of the markets. What is your opinion about that?”

I responded: “Do you think his opinion makes sense given the public performance data of the traders you say he criticizes?”

He responded:

“Well, he seems to know a lot about gold and gold markets. He also seems to have forecasted correctly the present gold price action. It is not a bad idea to read first his comments.”

Here are the comments in question. I don’t understand how these comments refute trend following performance data.

Trading is not about hero worship. Meaning just because someone of note says something – do some homework. The numbers are either there or not. If trend following performance numbers did not exist for the many traders I have interviewed and or profiled, I never would have mentioned their names.

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