Benchmark
Who’s to blame?Well certainly, there are those moreresponsible than others,and they will be held accountable,but again, truth be told, if you’relooking for the guilty, you need onlylook into a mirror.1
If you base your trading strategy on benchmark comparisons, it does not matter whether you are a brilliant trader. All your decisions are made with respect to what the averages are doing, so just sit back and take whatever the market gives you.
One of the main reasons trend following trading performs so well is because it has no quarterly performance constraints. What does that mean exactly? Both Wall Street and Main Street measure success on the artificial constraints of the calendar year.
An unnatural fascination with quarterly and ...
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