I actually bought his Penny Stocks Part Deux video plus the manual from one of his students. More out of curiosity than anything else. He pretty much shorted pump and dumps. Nothing new there. Still pretty risky because borrowing stock to short on thinly traded stocks at that, what if it runs up? Your risk to the upside is unlimited!
%% Penny stocks,risk,risk; +not known for good trends. I like the time he tried to close out a long position,maybe@ $14+, dont remember all the details+his connection crashed. By the time he got it closed, he was up/profit much more than he intended to ..... LOL. [stocks still trend]
Looks like their edge over the S&P peaked at the end of DotCom crash (around 2003) and they've lost some ground since. Has the last 15-16 years just been a bad "cycle" for trend following, or is it just not as effective with all the algos and increasing market efficiencies? There will always be short periods (2008) where it works better, but will that make up for the less volatile periods where it churns away profits? Unfortunately, waiting a few more decades is the only way we'll find out about those questions.
I bet with the bull market every year since 2010, so am I a trend follower. I am up more than 3.7%. Maybe I should turn pro?