I have done trend following in the past but it was not successful. I believe many people had the same experience for me and are quick to denounce trend following does not work. No matter how we hold that opinion, there are enough professionals making money with trend following strategies. Andrew Abraham is one of them. In this book, he showed me the reality of trend following and I realised how wrong my expectations were.
Here are the 3 things I learned from the book
#1: Compounding realistic profits (not get rich with just one or two trades)
Andrew said some of the best traders he knows, only make an average of 15 percent per year over the long run. This is a realistic return. Most people expect trend following to make them rich in no time and only to be disappointed when they see no profits or worse, lose ......