My name is [Name]. I wanted to send you an email saying thank you for all of your publications about trend trading. I started trading when I was 15 based on all curiosity and now has grown into a strong passion. I’m 23 years old and have followed your work for 3 years now and now drastically increased my returns but also my view point on the market.
After the fund I worked at sold its assets, I was laid off. Once that happened I went through your books again and it has only kept me more focused on my goals of running my own fund one day. Your work is very appreciated and anyone I know that trades or wants to get into trading, I forward them to your website and to all the books and podcasts.
I [wish] I had read your book many years earlier! And your profiling of the long term track records of the some of the big practitioners inspires confidence and this has been borne out [in] academic studies [too]. Although I do not have the time to do trend following personally being a busy physician, I am beginning to deploy monies in managed futures especially because it offers a favorable tax structure. I have been an investor in hedge funds which have generated large short term gains leading to a heavy tax burden over the years.
I am using your resources to research many of the managers with good track records. Do you have any suggestions as to your favorites? I am looking for managers that offer leverage in addition to their standard program. I am currently invested in QIM which has 3x leverage and with Abraham Trading which offers 2x leverage.
Last, your passion is contagious and keep up your good work.
I don’t give recommendations on pro traders, but thanks for the nice words. I will try to keep it all going straight ahead!
Do you really want to be in a box with millions of traders and investors with the same training, technique and style (i.e. fundamentals, forecasts, buy and hold, talking heads, etc.)? Richard Dennis danced to a different beat and his creation of the Turtles landed him in the hall of fame. Dennis relayed one of his quirks that helped set him apart:
“I used to go to bed with a book of charts,and just flip through them before I went to sleep. I wasn’t trying to analyze or interpret them, just retain them so that my mind could work on them while I slept.”
Who knows if this exercise worked? What matters is that he was so fired up about being great and forever improving, that he was OK with experimenting and trying out new new things. What will you do differently today? Ludwig von Mises nailed it:
“The class of those who have the ability to think their own thoughts is separated by an unbridgeable gulf from the class of those who cannot.”