The term "Government Sachs" indeed has some merit. Republicans have never bothered to hide the fact that they are pro business. That's about the only transparent thing about them. There was also a Wikileaks John Podesta email from Citigroup to President Obama for Cabinet suggestions that turned out to be pretty much spot on. Kind of touched a nerve on the left about who holds the levers of power in the Democratic Party. {{HINT: And it ain't the working class}}: https://newrepublic.com/article/137798/important-wikileaks-revelation-isnt-hillary-clinton
You are confused, what I have quoted is not trend following. Swing or day trading/price action trading, you do not want to go against the trend.
I happen to know on a first name basis more than a few traders using a system who have done quite well swing trading trends - position holding time frames days, weeks, sometimes months depending on the set up.
Is Election Monday next week, very quite this year. Expect Trump throw in lots of stimulus leave more debt to Biden if he loses, if he still can ofcourse.
Boy is it complicated to get people to understand extremely simple things. "Nobody knows why and traders do not care. If it is going down - always short, going up? Always long. News, gossip, opinions do not matter." This does not work. Easy to backtest. Even academics did the backtest for us. What you described is what people call systemic trend following. My best strategy is going against the trend. What are their system? Bull bias into the SnP since 2009? I do some "trend following" on FX and some commodities but it's not the same as the original quote that was "buy when price go up" "never fight the trend". Anyway in general trend following isn't really a thing anymore retail is simply 30 years late to the party as usual.
One of the benefits of having traded millions of futures, options, and OTC contracts over a long career is that you make fewer and fewer sweeping generalizations about market behavior.
A long career and you do not believe in generalizations? Ye well known fact winning traders avoid statistics like the plague. You clearly have a lot to learn. Trend-following performance has been mediocre lately (they have a chart that goes back to 2000 but it has been mediocre in general since 85, how mediocre depends on the asset class): https://www.ft.com/content/5ea09868-ecc0-47d1-aa5c-57d33af543f4 Famous trend-followers that kept doing this many years after many previously profitable trend followers quit after losing for a while, also are done with it. Some explanations why. Oh and they do not necessarilly use a dumb systematic rince and repeat "system": https://www.winton.com/davids-views...on-turning-away-from-trend-following-risk-net I can choose to believe statistics on trend following funds, the fact that there are no famous trend followers anymore, common sense, and the word of famous money managers. Or I can choose to believe a random dude on the internet that misunderstands half of what he reads, and tells people his imaginary friends are making it big with something overly obvious that makes little sense. I choose to belive number 1.
That’s all well and good but we’re trading inter and intra market spreads - not the broad markets. See my banner below. It’s what I’m all about.