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The more I work, the luckier I get :-) Just to clarify few points, trend following is not technical analysis in a sense of chart/pattern reading – maybe it can
by SirLJ 9y ago
The more I work, the luckier I get :-)
Just to clarify few points, trend following is not technical analysis in a sense of chart/pattern reading – maybe it can work for someone, but I have tested a lot of patterns and they do not work for me... the reality is we cannot predict what the weather is going to be tomorrow, let alone the stock market next week.
But if you agree that the market is not efficient and trend do emerge, then you can find a quantitative strategy that will let you to follow the rent in up and down markets and make money doing it, you’ll never catch the top or to bottom, but will catch the majority of the trend in the middle...
Why bother opening a hedge fund, look for investors and clients – just the regulatory paperwork would be nightmare, when I am leaving comfortable life, plan to travel the world and will leave a nice "lifestyle business" to my kids...
Let me tell you what, why not take and read one of the Ed Thorp books, maybe it will inspire you to look at the markets in t a different way – I think it is a great risk reward, your are risking few hours from your time and the potential reward can be life changing...