MoneyTec Traders Community Forum - View Single Post - Always go with the herd. Is that a bad or good idea?

patrick_fx · 07-04-2006, 10:49

Thanks for you guys opinions. I should have made it more clear about what type of herd I was talking about. I didn’t mean I go with just any herd, but the biggest herd (or the majority). I’ve been a trend follower since my first trading day. One day I asked myself “who create trends?”. Obviously, people create trends. Not just any people, the majority (or the biggest herd) create trends. If most people (more than 50%) buy/sell at the same time, don’t they move the market? My point is to be with the right herd (the majority herd, not the minority herd). Your further opinions are welcome :-)

07-04-2006, 10:49	#6
patrick_fx level 2 Join Date: Nov 2005 Posts: 88 Downloads: 0 Uploads: 0 Rep Power: 3	Re: Always go with the herd. Is that a bad or good idea? Thanks for you guys opinions. I should have made it more clear about what type of herd I was talking about. I didn’t mean I go with just any herd, but the biggest herd (or the majority). I’ve been a trend follower since my first trading day. One day I asked myself “who create trends?”. Obviously, people create trends. Not just any people, the majority (or the biggest herd) create trends. If most people (more than 50%) buy/sell at the same time, don’t they move the market? My point is to be with the right herd (the majority herd, not the minority herd). Your further opinions are welcome :-)