the.com/trend following
buying what's already going up, on the theory that a moving train is easier to ride than predict.
means a strategy that trades price direction itself, entering when momentum is up and exiting when it breaks, ignoring why.
from formalized by 1970s and 80s futures traders like the turtle traders, who proved a rules-based system could outperform gut instinct across any market.
turtle experimentrichard dennis taught novices the rules in two weeks
asymmetric betcuts losses fast, lets winners run long
works bestin sustained trends, bleeds cash in choppy markets
no forecastingreacts to price, never predicts direction