Trend Following Quotes
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However, trend followers know if you don’t cut your losses short, that if you don’t exit with a small loss, there’s a good chance losses will get much larger. The more you struggle with your small loss, the larger it might become and the harder it will be to deal with it later. The problem with accepting a loss is that it forces us to admit we were wrong. Human beings don’t like to be wrong.
Trend followers are not lucky. They are prepared for the unexpected. Trend followers take what the market offers in the moment. They don’t predict the future. Making money requires that you be able to live with and accept volatility.
Parker: “A key to successful traders is their ability to leverage investments…many [traders] are too conservative in their willingness to leverage.”
Parker: “A lot of traders as well as clients don’t like trend following. It’s not intuitive, not natural, too long term, not exciting enough.”
Parker: “The market is never wrong.”
Ray Kroc, founder of McDonalds
Luck is a dividend of sweat. The more you sweat, the luckier you get.
Clint Eastwood
If you want a guarantee, buy a toaster.
You don’t get any profits from fundamental analysis; you get profit from buying and selling.