Saturday, May 8, 2010

QUOTES from TREND FOLLOWERS (.....and note)

It is when the unimaginable occurs that the systematic trader remains calm, presciently knowing when to buy, sell, or adjust their exposure. Mark Abraham, Quantitative Capital management, L.P


Listen.....

the biggest benefit that our systems provide is that they keep us calm. This week was a good example, because not a single trader called me to ask. Why are we down 1000 points on the Dow today? In fact, we were moving into the new office space and did not realize that STOCK BOSS, SNIPER TRADER & MONSTER ETF had closed a large percentage of their long positions until Friday late morning.

- David