Louis Bacon: Trades the Price

I have long found stories of Louis Bacon of Moore Capital interesting. Google him. Read up.

louis bacon

While Bacon is never classified as a trend following trader, he trades off price action and uses futures markets. That sounds a lot like trend trading to me. About 3 years ago I was talking with a top trend trader (who now manages over $10 billion). We were talking about “mystique” and “image” in general of some top traders (Bacon was not discussed). His point to me? Traders, who have consistently posted the big returns, almost invariably are trend following traders whether they publicly admit it or not.

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