Surf surf surf..... When judging a trader/fund one can not cherry pick and take one small time period. You have to look at the big picture. A lot of these funds had a very big April. If Dunn did lose 10%, they gave back most of the 12% they made in April. Is that good? Not really. But it's a far cry from someone saying "these guys should throw in the towel." Dunn's last 3 yrs have been +51%, -.5%, + 31%. These are AMAZING numbers. Investors who are with them are making excellent returns....and are beyond happy.
Exactly. Usually when my man Surf starts chirping about their demise they have periods of huge gains. If you go back 20-30 yrs, these guys by far way outperform most others. When they bounce back in June Surf will insert his foot back into his mouth.
Just to update my earlier post on the performance of the CTA indices for May, the IASG index is now showing a loss of 6.27% and the Newedge index had a loss of 4.66%. The IASG index is down 2.49% YTD and the Newedge index is down 2.38% YTD. My own trend trading system is down 2.56% YTD but ahead of the two indices since I started the system on Collective2.com ten months ago.
Huh? "pull back low, chart". Those are subjective terms used erroneously in a systematic context. Mr Covel did not misunderstand you. Who are these "objective trend followers who buy subjective dips" you talk about? Covels books are full of the real trend followers, none trade like you imagine. If not name them, knock off the weasel language.
ahaha so true... May for me was pretty much dull ... drawdown. As a matter of fact as of today I'm at a new equity high... go figure... guess i'll need to retire for good
Those terms I laid out in my post to your other alias are objective terms on my charts and that is all that matters. (I thought you had me on ignore) When one specifically defines their charting environment those defined terms are objective terms. Covel's books are full of one type of "Trend Follower" as kut2k2 clearly pointed out. Just like each weekend the links are full of golfers. I know that Nicklaus, Woods, Snead, Palmer, Player or any other world class golfer over time or current never said that the other golfers on the course with them weren't "really playing golf" because they didn't play with the same clubs (tools) they they use. That would be utterly ridiculous. Mr. Covel's books are great informational guides toward understanding one group of institutional trend followers and the rules they follow to reach their goals of profitability. This attack on me by you, your other alias and Mr. Covel began when I asked a simple question of him as to any new information he had added to this current book that wasn't covered in his previous books. Personally I like Mr. Covel's books and think the latest title has an ingenious name. I personally wouldn't use it as a guide to trading but other newbies to trading would probably find them great informational books to understanding trend foundations. My point is that "Trend Following" isn't only what Mr. Covel says it is but it is a good place to start.
We are still waiting for you to name one trend follower who trades like you state. That was Mr.covels question. The long pontifications make it clear you don't know any and dismiss Covels research that found different facts.