A reader writes:
I invested over $100,000 with a [well known trend following trader]. Two years later my investment is close to breakeven or even down a bit. Very disappointed obviously. I pulled half my money out. Do you have any advise on another trend trading fund I can use?
Why are you disappointed? You are breakeven 2 years later? But in advance of making an investment you stared long and hard at trend following track records to have a feel for the performance movement?
I’m disappointed because I let the professionals at [well known trend following trader], supposed leaders in trend trading, essentially lose me money! I didn’t do any trading on my own! Is there another fund … that you recommend I look at? Thanks in advance.
I just don’t follow your thinking. How could you think trend following is only up without draw down? I can’t recommend you a trader who makes money every month with no down months! Again, you essentially broke even in 2 years with a trend following trader and are unhappy? If that is the case…trend following is not for you. No other way to say it.
Note: I don’t recommend traders, nor did I recommend one to this reader. This was unsolicited feedback that randomly appeared.