Human Nature and Success in Trend Following

The key to success in trading lies in the unchanging nature of people, driven by the desire to get rich quickly and the tendency to hold onto losing positions hoping they will rebound. Trend following, particularly in futures trading with leverage across various markets, has been successful because it aligns with the basic human nature of following trends for profit, regardless of the specific financial instrument used. While futures offer leverage and liquidity making them a preferred choice, diversification is also crucial for success.