Trading Wisdom - Simplicity at 2006-02-06 23:45:45
Michael Covel's site contains a wealth of information on trend following. Here is some great feedback from one of his readers regarding simplicity:
I personally know quite a few trend followers that adhere to the idea that systems drift over time and need to be tweaked. Such traders sow the seeds of their demise.
They lack the tendency to idealize, and instead pay attention to small features
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