Traders and investors have always dreamed of magical formulas or Holy Grails enabling them to beat the market and reap huge profits. Pursuing Holy Grails only ends in disaster. For example, among the junk you will find out there: black boxes or secretive computer systems where the rules are hidden. Black box systems lose in the real world. They are useless. The absolute key is a proper overall education.
What do we consider Holy Grails?
- CNBC, Cramer, Bartiromo, Faber, etc.
- Every infomercial running late night.
- Books about Warren Buffett.
- Ken Roberts.
- Brokers.
- Fundamentals
- The list can go on and on...
If you are here thinking trend following is some secret please exit now. If you are here seeking a pitchman pretending to be your market hero, again wrong web site. All that said, we still have people come to this site in search of the trend following (or Turtle system) secret. If you want the quick fix, the instant profit landfall or the insider's tip, no one can help you. Clearly, some would just rather have illusions than reality.
What is reality? Great trend following systems use rules, logic, parameters, methods, processes, formulas, data, and research. You will not find the Holy Grail here.
Some Turtles won big. Some lost big. Why?
