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Losers Average Losers- Not for Trend Followers

This statement Losers Average Losers Is not for successful Trend Followers.

This is a famous note on the computer of Paul Tudor Jones.

He is not alone,Jesse Livermore warned 100 years ago against averaging losses.

You can not avoid losses. The only thing you “Try” to do is to mitigate them. You have a plan and you follow it. This is successful trend following.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. THE RISK OF LOSS IN TRADING COMMODITY FUTURES, OPTIONS, AND FOREIGN EXCHANGE (“FOREX”) IS SUBSTANTIAL.

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