One reader writes on my Facebook [BTW, feel free to friend me]:
Michael, the problem I have with trend following is that it is successful only if – surprise! – markets are trending. You make it look as if you have the foolproof way of extracting money out of markets when in fact trend following CTAs / traders can easily suffer enormous losses, too. I also think you finally produced enough books for a while – no need to send out the same message in book after book.
All market participants only make money if markets are trending–surprise! You are welcome to your opinion, but clearly I disagree. If you don’t like the messages, don’t read. Further, an examination of the performance data of many trend followers is included in all of my books–the ups and downs. There it all is in black and white. Is that performance easy? That choice has to be made by each person, but at the end of the day too few people actually know of trend following–still. If you know about it, and you think it is hard, and you think somehow I misrepresent it–not here to sway you.
Bottom line, it should be clear by now that I polarize. I smile ear to ear when someone is frustrated with themselves and takes it out on me. That is a good day. Productive day. Make no mistake: trend following is not for everyone. Some will never get it, and some can’t be reached: