Systematic Trend Following
You don’t need to knowwhat will happen nextin order to profit fromwhatever happens next.
What is trend following trading? The first part is trend. That is very straightforward. Every trader needs a trend to make money. Following is part two of the phrase. Trend followers wait for a market to move first and then they follow it.1
Now, some argue that the term trend following is too imprecise. Others use terms like global statistical financial analysis or managed futures to describe the strategy. That debate will not be solved here. If you do not like the phrase trend following, substitute your term as you keep reading.
Trend following trading is reactive. It does not predict market direction. Trend trading demands self-discipline ...
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