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“A few years ago I lost a lot of money and I think I’ve struggled to recover psychologically ever since…”

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Hello,

Thanks for your message. I think my biggest challenge is that a few years ago I lost a lot of money (for me anyway), and I think I’ve struggled to recover psychologically ever since. I like to think I’m not completely stupid (I’m an Oxford graduate; although I know this means diddly squat in trading!), and have been doing some reading around.

I’ve spent some time reading stuff on quantitative finance (like the ‘financial hacker’ website), and some of it seems disheartening (since they seem to be saying no trading system with simple rules can be profitable in the modern markets, which seems to be contrary to what I’ve reading on the trendfollowing.com website). I find the trend following approach really interesting because it’s obviously something that price  does in disparate markets (any person looking at a chart can see there are periods where it trends for ages); my problem has usually been that I try and pick tops or bottoms, end up on the wrong side of the market and probably end up fueling the continuation of the trend (probably like most retail traders). I also like the trendfollowing.com website because it seems to say that even fairly simple systems can be profitable; this seems the opposite of what some of the computer science guys (e.g. financial hacker blog) believe with their fuzzy logic, neural nets, spectral analysis, etc.

Best wishes,
Ed

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