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Conclusion

A wise trend follower once told me a story about when he was in Bermuda, with a new trader who wanted to learn the “secrets.” “Just give me the quick and dirty version,” the neophyte said. The experienced trader took the newbie out to the beach. They stood there watching the waves break against the shoreline. The neophyte asked, “What’s your point?” The old trader said, “Go down to the shoreline where the waves break. Now begin to time them. Run out with the waves as they recede and run in as the waves come in. Can you see how you could get into rhythm with the waves? You follow the waves out and you follow them in. You just follow their lead.

In our search for the facts about Trend Following, we learned that its basic tenets, its philosophical underpinnings, are relevant not only to trading, but also to our lives in general, from business to personal relationships. We also found in our conversations with the old pro trend followers that Trend Following works best when pursued with an unbridled passion.


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