Sign inRecent Commentaries tagged (trading-101)
I Want to Talk to You
I have learned a few things interacting with and teaching both readers and clients over the last decade. Big lesson? Answer emails. Answers calls. Anytime, and I mean anytime, someone contacts us here, they get a personal response. The one exception? The occasional delusional sales calls trying...
Fear & Greed Are Stronger than Long-Term Resolve
Bob Farrell’s 10 Lessons: 1. Markets tend to return to the mean over time. 2. Excesses in one direction will lead to an opposite excess in the other direction. 3. There are no new eras – excesses are never permanent. 4. Exponential rising and falling markets usually go further than you think. 5....
Chuck LeBeau Wisdom
Chuck LeBeau (his classic book) has seen much in the trading industry. He was a pioneer. He was also kind enough to grant me an interview for my book The Complete TurtleTrader. What did LeBeau have to do with the Turtles? One of his employees was Paul Rabar. Rabar was selected as a Turtle while...
College Ripoff
This article is why I am in the business of educating traders. An excerpt: Employers and career experts see a growing problem in American society - an abundance of college graduates, many burdened with tuition-loan debt, heading into the work world with a degree that doesn’t mean much anymore....
Benchmark Question
This question comes in from a Linkedin contact of mine: Hi Michael, my name is [name]. I am the Founder, Managing Partner, and PM for [name]. First, thank you for posting your videos on YouTube. They have been a great reference point for me. I have a question regarding benchmarking absolute...
Wisdom Compared
A great line from famed trend follower Larry Hite: “Life is nothing more than a series of bets and bets are really nothing more than questions and their answers. There is no real difference between, ‘Should I take another hit on this Blackjack hand?’ and ‘Should I get out of the way of that...
Michael Covel Market Wizard DVDs
Feedback in on our DVDs: Hi Michael, I was very happy to hear about these new DVD’s on Both Larry Hite and Charles Faulkner on your blog post. As a private trader, these types of interviews can be extremely valuable because the psychology is the hardest part to tackle as a trader. Position...
Trading 101: Ask Yourself Some Questions
Trading 101: ask yourself some questions: What can you win? What can you lose? What do you know? What don’t you know? Why are you making a given decision? Who are you? Are you, for example, the guy who needs to make $100,000 a year or your wife leaves you? Or are you the guy who wants to...
Don’t Let a Market Crash Hit You at the Finish Line
Jason Zweig writes today at Yahoo: Can you make the risk of stocks go away just by owning them long enough? Many investors still think so. “Over any 20-year period in history, in any market, an equity portfolio has outperformed a fixed-income portfolio,” one reader recently emailed me. “Warren...
Tudor Investment Calls Stock Gain a Bear-Market Rally
Paul Tudor Jones might be a multi-billionaire, but I don’t think anyone knows for sure what this market is (article). Richard Russell expresses the same sentiment. ShareThis
Michael Martin on Speculation
Michael Martin pens an interesting essay on speculation at the Huffington Post. Martin appears in my film Broke. ShareThis
Paul Tudor Jones II on the “Tape”
Paul Tudor Jones thinks smartly. An example: When trading macro, you never have a complete information set or information edge the way analysts can have when trading individual securities. It’s a hell of a lot easier to get an information edge on one stock than it is on the S&P 500. When it...
Jeremy Grantham Says Stocks Going To Moon
From the press: Jeremy Grantham was one of the few forecasters to call the crash, He was also one of the few to call the bottom two months ago–publishing “Reinvesting While Terrified” on the exact day the market bottomed. And now, in his quarterly letter, the great Grantham has a surprise for...
