Too many want the “secret” to making money. I think the word “secret” is sh**. Both publishers of my two books wanted to use the word “secret” in the subtitle. I refused. If you think about it there is no “secret”. Traders who make money find an edge and manage their risk via trading rules. They trust their rules and accept the money the market gives them. I guess someone could argue that good rules can be considered “secrets”, but I prefer to look at trend following as something you either currently know or don’t know. If you don’t know it there are clearly ways to acquire a trend following education and rules.
Note: There are many ways to acquire education, but it is my blog so I will throw out my wares!
November 9th, 2009 at 8:48 am
One could argue that the secret is that there is no secret.. And I think Trend Following (your book) is a huge eye-opener for this..