95 % trendfollower traders lose at trend trading

great trend traders like famous turtle trader Dennis managed pools of capital for others in the markets for a while, but withdrew from such management in the spring of 1988 after his clients suffered heavy losses. In the Black Monday stock market crash of 1987, he reportedly lost $10 million,[8] with a total of $50 million reportedly lost in 1987–1988.[2] In 1990 his firm settled investor complaints of his failure to follow his own rules, for over $2.5 million, without admitting or denying any wrongdoing.[9] He also managed funds for some time in the mid and late 1990s, closing these operations after losses in the summer of 2000.

https://en.wikipedia.org/wiki/Richard_Dennis

$50 million losses in 1987 million in today's terms is around $200m to $300m


It is most likely the vast majority of trend traders lose due to trading psychology. Michael Covel writes books and sells seminars , there is no evidence he is a trader.


http://profitabletrading1.blogspot.com/2018/06/trend-trading-has-no-edge-80-of-trends.html

https://www.earnforex.com/forum/threads/trading-psychology-mindset-is-80-of-trading-success.30172/

https://www.earnforex.com/forum/threads/trend-trading-is-a-hindsight-forex-illusion.30061/

https://www.elitetrader.com/et/threads/market-charlatans.243796/

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If 95 % lose , 1 % of winners are day traders , 1% of winners are swing traders , 1 % are fundamental traders , 1 % are grid traders , then only 1 % of trend traders are successful.

This means there are a lot of fake trend traders , charlatan educators and fake authors singing about trend trading.
 
Actually, it’s not easy to identify the market trend because, a number of counter trend moves.
80 % of the trends become ranges, in other words 80 % of trends eventually fail.80 % of trend traders lose for sure.

 

J_C_Anderson

Trader
Aug 15, 2018
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Of course, the idea of trading trends appeared at stock market, where it is very common. Forex currencies are likely to move inside the renge (even wide enough), so that such strategies are not so efficient.
 
Of course, the idea of trading trends appeared at stock market, where it is very common. Forex currencies are likely to move inside the renge (even wide enough), so that such strategies are not so efficient.

you need trends to make money , if forex rarely trends or for trends are slow, then most forex traders should lose.

Trend is your friend , but rarely is your friend, it is bank and broker's friend.
 
This Zero sum game testing shows , it has zero direction bias, trend trading is a negative sum game.It is testing non trend trading

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