Feedback in:
The first thing I wish to say is that I really appreciate that you do read all of your email. What I didn’t expect was such a prompt personal response, thank you for that.
My name is Mark [name], I found your excellent trend following Las Vegas presentation on the [name]. My last blunder was about four years ago when I subscribed to an (expensive) options trading service named [name]. The marketing was very good and the back test looked spot on. So I jumped in with both feet. I quit using that after losing hundreds of thousands of dollars. I had to much faith in this outfit and made big bets, I paid for that error in judgement.
Thanks for your very valuable time, Mark
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Hey Michael,
I’m sure you receive a lot of correspondence with regards to your amazing work so you may not remember me. I joined the trend following course in April and can honestly say the short time it had taken me to study and grasp will be the most impactful set of rules, not only from a trading aspect, but towards life in general. I’m still amazed that trend following doesn’t get the respect it deserves because once you see it you can’t unsee it. Over the last 5 months I’ve had approx 150 trades. What those markets were I couldn’t tell you as the stock, commodity or currency doesn’t concern me as long as in my portfolio I get a signal to buy/sell I have the rules in place to pull the trigger. Out of those 150 trades only twice have been able to place the 5 units on and then wait for a break of the 20 MA. Do I wish the trend moved for longer than it did? Of course but I just take what the market gives me. Do I wish I didn’t have as many losing trades? Not really because I’ve measured volatility and feel in control of the only aspect I can control and that’s my losses. How do I cope with seeing my equity at one point almost reach 60% return to slowly over weeks dwindle back down? If the mindset is to watch a lot of profits disappear more often than not then that’s what I’m prepared to do in order to catch the next trend. I never feel tempted in the slightest as it’s the game we are playing, I put it out of sight out of mind and the best way to make money over the years will be to follow the system, sit on my hands and take what it gives. Thank you for everything and also the great content on the podcast that for me personally is truly life changing not just for me but for generations to come.
Thank you.
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In a firm of about 800 advisors, I seem to be the only one still who uses Momentum. The rest sell MPT, just like all the Big Five Bank (Canada) brokers. I used to be one of them. My Branch Compliance Manager, although supportive of my Trading, emphatically says “I don’t want to learn anything new”, just like the rest of the Branch.
Thanks for all of the feedback!
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