Lately, many markets remind me of the 2011–2014 U.S. Dollar — not really going up or down but oscillating in a sideways manner. Many currencies, precious metals, energies, bonds and agriculture markets have behaving similarly.

The past few years have been particularly frustrating and annoying. But I believe we’re at a point again where trend following traders and investors are feeling doubt about whether to take the next trade and stick with the system.

The risk of quitting during drawdowns is that you do not benefit from the next round of positive performance when trends come back. The risk of not getting back in exists in all investments.

Many investors are still living with the frustration of not getting back into the stock market when the trend reversed in 2009–2010. Those who quit on trend following now, I believe, will likely experience a similar frustration.

https://medium.com/@mmelissinos/quitting-before-the-trend-occurs-b99b14b8d888