History supports Trend Following
•Trend following has been around from the times of Richard Donchian with 15-20% returns over long periods of time.Donchian used these methods in the 1940s and his students continued on tilltoday.•Trend following is the hardest yet easier trading approach•Only simple ideas can stand the test of time•The only holy grail is Discipline and Patience•If you don’t have these don’t trade•Discuss simple methods of Trend Following•A. Moving averages•B. Breakouts – Donchian channel break outs, ATR, Turtle, Bollinger Bands•Really does not matter… if corn goes from 300 to 375 all of these will catch the move. The keydifference is managing the inherent risks.•
So why aren’t more people successful trading commodities?
•Lack of a Plan…Patience…Discipline