TraderPlanet.com :: trendfollowing's Commentaries

1000s of Tweets Is Not the Secret to Profits

michael covel — Thu, 09 Feb 2012 04:00:35 +0000

One inventive fellow, attempting to base his hedge fund around tweets, tossed this gem out: "If you can do this [follow tweets] it gives you a massive edge on the market as you know the mood." The principle lies in analyzing the 120 million tweets, which are posted daily by the 180 million-strong Twitter members [...]Read More at TraderPlanet.com »

Broke: The New American Dream … Thanks!

michael covel — Tue, 07 Feb 2012 23:38:03 +0000

Feedback in: Mike, I really appreciate the work you put into that movie. What I really appreciate more than anything you have ever accomplished is your ability to think outside the box and search for what is real. You are a warrior. You stand on your own two feet. You don't give up easily. Thank [...]Read More at TraderPlanet.com »

It Could Kill Ya!

michael covel — Tue, 07 Feb 2012 02:26:09 +0000

I tell people all the time, "Don't trust me, verify me." Source: behaviorgap.com.Read More at TraderPlanet.com »

How Many Days Will You Be Profitable?

michael covel — Mon, 06 Feb 2012 05:47:21 +0000

Paul Mulvaney is a trend trader profiled in my book The Little Book of Trading. His insight: Mulvaney's trend trading is profitable on 54 to 55 percent of days, but on only 25 percent of trades. Obviously those 25 percent of trades are more profitable than the 75 percent of trades that are losers. Many [...]Read More at TraderPlanet.com »

Classic Trend Following Advice from John W. Henry the Owner of the Boston Red Sox

michael covel — Mon, 06 Feb 2012 02:32:25 +0000

If there was a Hall of Fame for trend followers the owner of the Boston Red Sox would be in it. A piece of timeless wisdom from John W. Henry: How are we able to make money by following trends year in and year out? I think it's because markets react to news, but ultimately [...]Read More at TraderPlanet.com »

Too Many Trend Followers? Not Happening

michael covel — Mon, 06 Feb 2012 02:23:53 +0000

In case you're concerned that I will create a whole new generation of trend followers who will negatively affect the frequency, direction, and intensity of trends , forget it. Here are reasons why systematic trend following will continue to excel: o Trend followers follow. They don't [...]Read More at TraderPlanet.com »

The Origins of Trend Following

michael covel — Sun, 05 Feb 2012 06:35:44 +0000

If you have not yet read the origins of Trend Following, dig in .Read More at TraderPlanet.com »

Attitude: Mission Critical

michael covel — Sat, 04 Feb 2012 20:12:59 +0000

The right attitude for trading success? Mission critical: Fear is the dream killer, the silent voice that pushes us to lose our passion in a vain attempt to seek safety. True that.Read More at TraderPlanet.com »

Fundamentals? Economics? Analysis? Needed to Excel?

michael covel — Tue, 31 Jan 2012 01:40:48 +0000

Some reading that paints tougher times: Warning: Goat Rodeo Weaning Off 'Alternative' Investments Japanese Population To Shrink By One Third, Size Of Workforce To Plunge In Under 50 Years A Housing Bottom? What Are They Thinking? The Slowest Non-Recessionary Growth Since 1947 I am not betting off their wisdom (it's not needed to be a [...]Read More at TraderPlanet.com »

So Are You Attached to the Nipple or Are You a Linchpin?

michael covel — Mon, 30 Jan 2012 05:01:46 +0000

Below is one life path-attached to the nipple: A better option? Be a linchpin.Read More at TraderPlanet.com »

Nell Sloane of Capital Trading Group Offers Insight into Integrating Managed Futures and Traditional Investments

michael covel — Mon, 30 Jan 2012 01:01:55 +0000

Nell Sloane of Capital Trading Group offers insight into Integrating Managed Futures and Traditional Investments . Download and take a read. Note: The vast majority of "managed futures" investments are trend following in nature.Read More at TraderPlanet.com »

An Aha Moment!

michael covel — Sat, 28 Jan 2012 00:28:19 +0000

From a student: When I started the program, I was given the advice to read the first four books that you wrote before getting too involved in the course material. Well I made it to chapter two of "The Little Book of Trading" and then I promptly stopped. Why? I was reading about David Druz [...]Read More at TraderPlanet.com »

Market Technicians Association 2012 Annual Symposium

michael covel — Sat, 28 Jan 2012 00:14:08 +0000

I will be speaking here in NYC in April.Read More at TraderPlanet.com »

Nurture Trumps Nature!

michael covel — Thu, 26 Jan 2012 22:08:45 +0000

So you think you need to be born with an Asperger's memory gift to win at trading? Wrong! Read: The Talent Code Talent is Overrated The Complete TurtleTrader For example, here are some of the Turtle backgrounds: Collin's Commodities - Commodities Accountant Rosati's Pizza - Kitchen help University of Notre Dame - Philosophy/French Budget Copy [...]Read More at TraderPlanet.com »

Sage Counsel from Jim Rohrbach

michael covel — Wed, 25 Jan 2012 21:33:21 +0000

Jim writes: Once more we hear that Greece needs more money or it will fail. If you are like me, you are getting tired of hearing that story too. I really do not listen to that stuff when it comes to making my investment decisions. And I really feel sorry for the investors who do make [...]Read More at TraderPlanet.com »