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How to Capture the Meat of a Big Move
A trend following doesn't make sense from a mathematical point of view. If the market breaks below your moving average exit then you get out but do your best to ignore the fundamentals or even more so the headlines that purport to be fundamentally driven try to not pay attention to those. A part of our training which I think has sort of been lost over the years for most CTA's was a heavy dose of contrary opinion. We always wanted them to disagree and we would feel more confident to follow the trend.