Michael Melissinos's Blog
Whipsawed
12: Make a Big Kill Every Once in a While
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12: Make a Big Kill Every Once in a While

Apex predators don’t succeed all that often. Tigers succeed only 5% of the time; Polar bears 10% and Leopards 14%. All they need is one big kill every once in a while to stay atop the food chain.

Tigers, lions and other predators know their game. They balance persistence and knowing when to quit; hunting only for the home-run and conserving energy.

Investing is no different. 

Trend traders lay low most of the time; expending little energy while waiting for a big trend to emerge. Most of the time, like lions and other predators, we come up empty. Frustration occurs, but it doesn’t distract us from the process. You keep at it and eventually you make a big kill.

https://medium.com/@mmelissinos/make-a-big-kill-every-once-in-a-while-d28757b3c0c1

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Michael Melissinos's Blog
Whipsawed
The podcast of trend following fund manager Michael Melissinos