the markets, really beat up on them. Day traders tend to be really technical and want to catch every little move. I’d rather catch a large trend within a day as

is what will result in the future. Not always. but historically, these moves off these conditions have existed so often off these highs and lows that I’ll want to go with them. On top of that model, I bring in a timing tool. I don’t think a market will bottom the same way every time, so I have an arsenal of four or five ways to identify bottoming

I understood the rationale behind the model and knew that it was sound. I don’t actually do that, but I know people at Goldman Sachs who were beginning to work with those kinds of models. They used what I would characterize as technical models built with fundamental data. I think that’s a fertile place for exploration. So, you acknowledge the

to bet on the breakout. But that’s what I’m trying to mitigate with the new strategies I’m working on; those periods of low volatility and false breakouts.

even a hiccup, no support or resistance lines, that’s another thing the system looks at. That sets you up for the V top that we just witnessed in many of these markets. There is absolutely nothing deadlier to a pure trend-following system than a V top or a V bottom. When they occur in currencies, energies.... bonds, all in the same month as they’re

You always have to underestimate performance in order to stay sane because we all know that our worst drawdown is ahead

comparing the same time frames. Let’s say you and I agreed to look at a time increment that we’d extend over a longer period, for example, a 40-day time frame on 70 markets and that we would extend

“forward tested” in that field).

people who started with small stakes. But I’ve heard more stores about people who started with big stakes and ended