Beyond their use as numerical tools, quantum trajectories can be ascri
bed a degree of reality in terms of quantum measurement theory. In fac
t, they arise naturally from considering continuous observation of a d
amped quantum system. A particularly useful form of quantum trajectori
es is as linear (but non-unitary) stochastic Schrodinger equations. In
the limit where a strong local oscillator is used in the detection, a
nd where the system is not driven, these quantum trajectories can be s
olved. This gives an alternative derivation of the probability distrib
utions for completed homodyne and heterodyne detection schemes. It als
o allows the previously intractable problem of real-time adaptive meas
urements to be treated. The results for an analytically soluble exampl
e of adaptive phase measurements are presented, and future development
s discussed.