Is this more evidence that trend following isn't what it use to be? The returns in the 70's and 80's dwarf more recent periods of returns. Just an observation.
I am sure you did. And it works for some time until the moment you get rimmed. People like you are partly responsible for the brokers who went bankrupt after the Swiss CB dropped its quasi peg to the Euro. The enablers were of course the brokers themselves. Good luck running your business at such insane risk levels. It is not sustainable and empirical evidence directly support my stance. More firms have gone under, more money has been lost via too much leverage than anything else.
He certainly doesn't speak leverage but Reward to Risk as he says most use 1to1 and it's a known fact that newbies are over leveraged... There are old pilots, and there are bold pilots, but there are no old, bold pilots.