Some claim that trend following trading is no different than the infomercial Wizetrade™. For those who do not know or those living overseas, Wizetrade™ is an infomercial running non-stop here in the United States. It promises clear "signals" for buys and sells. Wizetrade™ doesn't tell you how the signals are generated (it is a black box), it just tells you to buy on a "green" light and sell on a "red" light. This might sound very simple (and maybe plain stupid), but it is selling like crazy to those who think they have found a nice & easy alternative to buy and hold.
I don't see how trend following, as described in my book, is the same as the infomercial Wizetrade™. However, it makes me wonder that even if a strategy such as trend following is described in detail, can everyone get "it"?
NOTE: Wizetrade™ is a Trademark owned by GlobalTec Solutions, LLP. I have no association with Wizetrade™. We do not offer or supply Wizetrade™ products or services.
NOTE: If you want to learn trend following techniques and systems through advanced home study and or seminars for all traders click here. If you want to learn about trend following trading in general there is one definitive text the bestselling classic "Trend Following: How Great Traders Make Millions in Up or Down Markets" by Michael Covel. If you want to learn about the most famous group of trained trend following traders, the Turtles and their teacher Richard Dennis, "The Complete TurtleTrader" by Michael Covel is the only complete biography (with all of the Turtle rules) available. Key introductions:
- Top Reasons to Be a Trend Follower.
- Can I become a trend follower?
- When the next crash happens will you be ready?
- The dead hand of safe bets.
- Trend Following preface.
- The Complete TurtleTrader preface.
- The Complete TurtleTrader afterword.
- On criticism.
- Meeting Mikhail Gorbachev: my journey.
- Influences.
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