An Interchange: Trend Trading Confusion

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Hi Michael, this is [name] from Kuala Lumpur, Malaysia. What is your take on Gold and soft commodities for the present year and where do you think the Dolllar is heading to? Warm Regards, [name]

Hi, are you familiar with my trend following research?

Yes i have read your books namely Trend Following and TurtleTrader. For a fact you go with the trend, but just wanted to know as to how you see these trends goin…

But I am a trend follower, not trend predictor! Trend followers don’t make predictions. Both my books emphatically say that. It’s not a joke!

2 thoughts on “An Interchange: Trend Trading Confusion

  1. Asking the question a different way doesn’t get you a different answer! Reading any of your books one could figure out where your exit would be for any instrument.

  2. “The trend is your friend until the end when it bends.” Ed Seykota. Sounds hokey but it is a fact. Why, how long, that is just a bunch of nonsense. People put a lot of stock in the nonsense. They just can’t get comfortable with the fact that trends happen. When there is evidence of a trend you act and stay with it until it runs out of steam. Clear and concise. As to why that is harder to understand then someone telling you that they know the true intrinsic value of this discounted at that I do not know.

    “Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.” Ed Seykota

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