Yeah...Dunn's investors must be livid: 2011 (3.19) 2010 30.75 2009 (.58) 2008 51.45 It's hilarious how you trash trend followers when they have their first drawdown....but go into hiding when they do great. March was brutal for a lot of funds...your boy VN's brother got clobbered as well.....down over 10%. The funny thing is you call trend followers guessers, but have been embarassing yourself for years on here with your horrendous "trading" results. With your "studies" and heresay from insiders you continually to make mistakes that rookie traders make when they first get into the biz. I have been in the trading business for 19 years....and what you call trading is some of the worst I have ever seen. Seriously man..you do almost everything wrong. The best part is you have some gigantic ego and act like you are some accomplished trader. Newsflash Surf..you are far from that...stick to writing cute little articles for Yahoo finance.
If you note, I state NEW INVESTORS, not ALL investors to make the distinction. 2008 was my best year ever, also, and the strategies had nothing to do with trend following---
You said the same thing in 2005/6: "New investors in trend following funds will get creamed in the next couple of years". Guess what? You were wrong. All the big trendfollowing funds cleaned up 2006 to 2011, net of fees. Is the truth so hard to admit?
Surf...your act is old. You have a hard on against these guys because you and fellow blowout trader Victor Neiderhoffer don't understand how their methods succeed. ANY time there is a downtick on TF's performance you come on here with your anti TF pom poms and cheer away. At the end of the day guys like Dunn are still in the trading world and have huge success...while guys like VN are on the sideline after blowing out. The scoreboard don't lie Surf.
Surf is so sad. TF's have a LONG history of great success. Poor Surf cant handle it. His jealousy is hilarious. He praises guys like Vic Neiderhoffer , who have lost all their clients money not once.....but twice...and are out of the biz....but tries to trash the TF's who are still going strong for a long period of time. Keep fading those moves Surf and getting killed.
Not surprising that most funds had a rough March. Huge whipsaw moves could have clobbered both TF and mean reverting funds. Which is what happened. The volatility was so short lived and violent it hurt everyone.
Aren't mean reverting funds designed to take advantage of whipsaws? Or am I missing the whole point on how RTM trading is done?
I'm new here. I'm looking for a message board where people talk about the specifics of what they do and when they do it. Thought this would be a logical place, but in scanning the last couple of years' worth of posts, it seems like it's really more of a place for people to engage in flame wars. The discussion seems to be whether trend following is/is not a good idea. I'm already sold on the idea. That's why I'm here. But I'm far more interested in hearing about how small retail investors, with limited funds (50K in my case), get off the ground. What markets are you trading? How many markets are you trading? How did you come to those decisions? Where are you entering, and how did you come to those decisions? What kind of research are you doing? Where are you finding that research? Where are you setting your initial stops? Where are you exiting? If no one wants talk about this, or if everyone feels protective of their proprietary secrets, or if someone wants to sell me their services, then I'll move on. But I thought I would throw it out there.
There are plenty of threads that meet your needs, just search around. I think you'll probably find some of the journal threads interesting. Not all threads here on ET are invaded by or saturated with flamers, vendors or bogus intellectuals.