Some times…actually rare times do traders really succeed. The way they have succeed is by utter commitment and discipline. However those rare traders who reach the elusive goal of success have a hard time maintaining the commitment and discipline. Failing to redefine goals can limit continued success. I always refer to trend following as a marathon. It is never easy and is a major commitment. Think how many really are committed to marathons? Really not many. How many traders can continue when they have 2 years of trading and they did not make any money? VERY FEW…There are those of you who think trend following is easy..You read a book…or you take a course over the weekend and Shazam..You are a successful trader. Not reality. I am teaching several students and one was absolutely shocked when I showed him Bill Eckhardt’s trading record. How can the father of the famous Turtle Traders not make money not just in one year..but several years…How can that be? Well this is the reality…It is never easy…Even the unique commodity trading advisors who have survived over the decades are not promised a profit or a way to avoid a draw down. Things need to put into perspective. Trend Following is not for everyone…Trend following is not easy. It takes commitment and discipline. There are no short cuts. There are no short cuts even investing in successful trend followers. Trend Following is truly a marathon. Millions in up markets and down markets is encouraging but very tough in reality.
Past performance is not indicative of future performance