Yeah...a lot of fortunes were made buying lows last year in the SP. You wouldn't know a fortune if it came up to you and smacked you in the face with a copy of Education of a Speculator.
Please show me a chart of Dunn Capital's WMA fund over the last 20 yrs + and explain to me how has failed miserably. It's comedy seeing you talk about trading and what works when you have not a clue how to trade.
what a poor argument. Why in hindsight? They generated money for their investors. Most funds permitted their investors to have taken their money and live a happy life at any time. What problem do you have with that? Mean reversion? Just because you are the oldest and were born being above average intelligent your younger sister must be very dumb, mean reversion. A pair of stocks is out 3 standard deviations from its long term mean, they must surely come back so go and put on the trade no other questions asked...come on such lame way of thinking has bankrupted so many guys.
Like when you called "The Bottom" last year only to have the market freefall 2500 points over the next month? Turn off the trading simulator and get back to your job.
Nah. I dont trade using moving averages. But if it works for those who do then great. I just laugh at idiots who say trend following doesnt work. They are by far the most sucessful group over the long run. (Trend followers that is.....not the idiots). Keep chasing those nickels in front of steamrollers like Neiderhoffer did. A tremendous strategy...really.
asiaprop you obviously don't have a time machine that goes into the future like this guy does. I mean really, how can one base how good a fund is by past performance ?
i love your humor. Must check out some of your other posts ;-) Seriously, which other strategy has beaten trend following over the past 20 years aside some niche players (eg some who understand how to "arb" the option markets) that end up with a more attractive risk/reward profile?