Origins

You can’t change the direction of thewind, but you can adjust your sails.

Stig Ostgaard is a “TurtleTrader”—a trader covered in my second book, The Complete TurtleTrader. He graciously allowed his history of trend following to be reprinted in Trend Commandments:

Although trend following has been a popular trading philosophy for many years, surprisingly little has been written about its origins and history. This is partly due, no doubt, to the scarcity of available information prior to the early 20th century, and because until about 50 years ago, trend following as a philosophy had not been completely articulated. To be sure, by the early 1950s, many trend following methodologies were in common use—and may have been for centuries—but the ...

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