"In the late 1960s, I decided that silver had to rise when the US Treasury stopped selling it," he told Schwager. "Much to my amazement and financial detriment, the price started falling!"But the initial shock and awe that arrived hand-in-hand with Seykota's loss didn't go unavenged. His less-than-stellar first go-round kickstarted a quest to carve out a systematic process he could entrust.
From that point on, Seykota would spend his days hacking away at his keyboard, testing the performance and validity of any array of different trend-following systems — a market approach that leverages momentum and moving averages to discern buy and sell points."Anyway, I got my results," he said. "They confirmed there was a possibility of making money from trend-following systems.
Although he was clearly skeptical when his trading algorithms started to show promise, looking back at his comments, Seykota's remarks seem to masquerade and underplay the effectiveness of his newly found strategy.
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