Quick Commandments

Q. Do you expect to make money inboth good markets and bad?

A. There are not goodor bad markets.There are up or down markets.

The great trend following traders have been motivated by possibility and opportunity, unlike crowds of panicky sheep unwilling or unable to leave the herd. Great trend traders seek options, experiences, choices, and paths. They never quit or allow themselves to be muddled by the latest fashion.

In that spirit, these are some of my favorite money-making gems pulled from the historical wisdom of trend trading pioneers Richard Donchian, William Dunnigan, Amos Hostetter, Jesse Livermore, Roy Longstreet, and Dickson Watts:

• Don’t fight the tape! ...

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