“The most significant challenge I have faced with trading is having a consistently profitable strategy that beats the market even after taxes…”

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Hi Michael,

I have just finished your Trend Following book and thoroughly enjoyed it! As a Mathematical Economics major I love working with patterns and love studying the markets.

The most significant challenge I have faced with trading is having a consistently profitable strategy that beats the market even after taxes. I definitely agree that Trend Following is the way to go with trading. Even before I read your book I was convinced that there is a way to make a lot of money that does not involve blindly putting your money into an Index or having to day trade. Therefore my biggest struggle is developing a system that is consistently profitable.

Thank you for the great book!

Chris J

Thanks for the nice words, but consistently profitable is not the path. Consistent is not how markets work. Trend following benefits by accepting the reality of inconsistency.

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