“While I am a full believer I am embarrassed to say it took me a few years too many to get started…”

feedback in:

Hello Michael,

A couple of years ago I read your TurtleTrader book, got real excited then dropped it, and now have read Trend Following, I have The Little Book Of Trading queued up to read as soon as I finish Jesse Livermore’s How To Trade In Stocks and Nicolas Darvis’s How I Made $2,000,000 in the Stock Market.

While I am a full believer I am embarrassed to say it took me a few years too many to get started. I do have two questions I haven’t been able to nail down an answer to just yet that I’m hoping you can point me in the correct direction to finding the answers to:

I’ve been listening to your Podcasts, currently up to #18. One thing I’m a bit confused about is all the talk about the accounts under management taking a hefty draw down while the market is moving sideways. Wouldn’t a trend follower be out of the market at times like those waiting for a trend to develop? Or is it because they are managing other peoples money they still have to be in the market trying to catch any trend no matter how small?

Thanks for the attention,
George

You can’t be a trend follower on one market alone. Whipsaws from many markets, small losses, add up.

That’s how it happens. Make sense?

The Author