Henry Luk from New Zealand
Some feedback about a recent post:
Hi Mike, I just read your “The Elephant in the Room” post. He didn’t grasp the concept AT ALL…People love to predict. People love to be right. People love to hang on to the past. People love to control EVERYTHING. You see it everywhere. Not just in the market. People lose their loved ones/make mistakes and they live with guilt and regret and hang on to it forever. People think they can control certain things, but it turns out they can’t. People hang onto losing relationships for years. That’s human nature. Trend following teaches that this is NOT the way. Because if we do this way, we simply live in pain forever, everyday, every second. And why choose to live in pain? We have two choices everyday when we roll out of bed, live in pain or live in happiness. I would like to live in happiness thank you…’Trend’ does not exist. It ONLY exists in hindsight on the chart, Trend followers do NOT follow trend. “Following trend” has the smell of prediction in it. Trend followers simply just follow “the present”. We buy because the market is going up NOW. We sell because the market is dropping NOW. We have NO IDEA if it will keep rising the next second. We simply don’t care! We don’t need to care because of money management strategies and “homework” on system design and back testing, etc. We should live our lives in the same way. There is only present. There is no past. The past is gone, and the future hasn’t happened yet. You can make love to your wife tonight, but that doesn’t mean she won’t divorce you the next morning. You lost your loved ones in the past, but that doesn’t mean you can’t find a happier way to live now.”








