Political shock with the British Pound seems to being compounded. Yesterday several real estate funds in the UK gated redemption to the tune of 12 Billion. Can you imagine having your retirement money or pension money and full stop!!!
No one really believed the British would shoot themselves in the head and leave the UK. The British pound initially jumped up to 150 and this morning after I entered my orders I was even shocked to see the chart.
Trend Followers simply follow the trend. It is never easy and always full of draw downs. However models I use with larger amounts of money would have been initially long the British Pound yet reverse to follow the trend. My point is things go to the complete unexpected…Remember Peak oil that did not peak…or gold going to 5,000…When trend following do not have an opinion. Rather have a full trading plan and have the fortitude to follow it. Trend Following is a marathon …grueling yet potentially rewarding…
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