Trend Following Quotes
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Basit ve kolay arasındaki ayrımı biliriz.
Basit ve sağlam çözümler bulmak , onları uygulayacak insan bulmaktan daha kolaydır.
Jason Russell
Sorunsuz bir yaşam hayal etmektense , var olan problemlerinizi çözün.
Charles Faulkner quotes Ed Seykota as saying, “I’ve made phenomenal amounts of money for very simple decisions but I was willing to make them. Somebody had to.” Faulkner then comments, “Others are looking for highly complex ways of interacting with the markets, when most of the time it’s only the simple ones that are going to work.”
• Lack of discipline: It takes an accumulation of knowledge and sharp focus to trade successfully. Many would rather listen to the advice of others than take the time to learn for themselves. People are lazy when it comes to the education needed for trading. Think about Bernard Madoff. People just wanted to believe.
• Impatience: People have an insatiable need for action. It might be the adrenaline rush they’re after—their “gambler’s high.” Trading is about patience and objective decision making, not action addiction.
• No objectivity: We are unable to disengage emotionally from the market. We “marry” our positions.
• Greed: Traders try to pick tops or bottoms in the hope they’ll be able to “time” their trades to maximize profits. A desire for quick profits blinds traders to the real hard work needed to win.
• Refusal to accept truth: Traders do not want to believe the only truth is price action. As a result, they follow other variables setting the stage for inevitable losses.
• Impulsive behavior: Traders often jump into a market based on a story in the morning paper. Markets discount news by the time it is publicized. Thinking that if you act quickly, somehow you will beat everybody else in the great day-trading race is a grand recipe for failure.
• Inability to stay in the present: To be a successful trader, you can’t spend your time thinking about how you’re going to spend your profits. Trading because you have to have money is not a wise state of mind.
• Avoid false parallels: Just because the market behaved one way in 1995 does not mean a similar pattern today will give the same result.
Ed Seykota
If you can’t measure it, you probably can’t manage it… Things you measure tend to improve.
Hunter S. Thompson
If you get people asking the wrong questions, you don’t have to worry about the answers.
Trend followers always prepare for drawdowns after strong periods of performance.
An absolute return strategy means you are trying to make the most money possible.
The fact that markets are volatile is not a problem. The problem is you if volatility scares you.
Trading is a zero-sum game in an important accounting sense. In a zero-sum game, the total gains of the winners are exactly equal to the total losses of the losers. Trend followers go to the market to trade trends.