“I’m hoping you may be able to shed some light on this attitude towards trend following…”

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Hi,

I have read your book ‘Trend Following’ a number of times and also have read the ‘The Complete Turtle Trader.’

I am sold on trading this way. After many false starts in trading it is the only way I will ever trade because it’s the only way that makes any sense.

Having said that, I then start to have a look around for some proprietary trading firms in the U.K. who may allow me to trend follow with their funds. What I find are day traders and their insistence on frankly ludicrous approaches to the markets. Insane draw down limits which make me wonder how on Earth they can ever make money.

What gives in your opinion? None of it makes a bit of sense. The superior returns are there to see. Don’t these prop firms want to make money?

I’m hoping you may be able to shed some light on this attitude towards trend following. It frustrates and baffles me.

Many Thanks,

R.

Day trading is bullshit.

It’s not trend following.

Now what?

The Author