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Richard Donchian

The Father of Trend Following

While Richard Donchian is no longer with us, his influence resonates among trend followers. He is known as the father of Trend Following. His original technical trading system became the foundation on which later trend followers would build their systems. Where do you think the Turtle system evolved from? He is noteworthy among traders in general, as he was the originator of the managed money industry. From the time he started the industry’s first managed fund in 1949 until his death, he shared his research and served as a teacher and mentor to numerous present-day trend followers.

I became a computer applicant of Dick’s (Donchian) ideas. He was one of the only people at the time who was doing simulation of any kind. He was generous with his ideas, making a point to share what he knew; it delighted him to get others to try systems. He inspired a great many people and spawned a whole generation of traders, providing courage and a road map.

Ed Seykota[98]


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