Introduction to Appendices
The following appendices are not just “extra” material. They are not just research notes. Each appendix adds additional value and clarification to the main book text. A careful consideration of all eight appendices will provide an even greater trend following education.
• Appendix A, “Trend Following for Stocks”: Cole Wilcox and Eric Crittenden of Blackstar Funds have generously provided unique research explaining the use of trend following strategies on stocks.
Mean reversion works almost all the time, and then it stops and you are kind of out of business. So the market is always reverting to the mean except when it doesn’t, and then we [trend followers] are on board this big huge trend and these people ...
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