Failure and Perseverance in Trend Following & Stock Trading
The last 2 1/2 years have been one of the toughest periods for trend followers…Many have quit. Only quitting is a failure. You need to have perseverance…It is never easy. The interesting thing I have noticed is that probably only the commodity trading advisors or hedge funds make money. All too often investors plow into a sector after a good run only to experience the inevitable draw down and quit….
Most traders and investors have gone through some period of failure. Only the ones with perseverance are the ones who stand the potential to succeed overtime. One needs the inner strength not to quit or be defeated. Fortitude and tenacity and a driving desire to succeed is what makes the difference between successful trend following and failure. This is not a weekend thing or something to learn over the weekend.
It takes alot of work and especially alot of psychological work. It is not about the system or even the manager…Attitude is what makes the difference
Past performance is not indicative of future performance