trendfollowing's Commentaries
Nov
15
2009
The Complete TurtleTrader: Extras 3
by trendfollowing
Overall Rating:
Richard Dennis once said:
“Too many traders - too many people in all walks of life - keep asking, ‘What do you think of this?’ ‘What’s going to happen next?’ They have to get away from that herd mentality.”
Dennis thinks courses on the markets should be taught:
“[R]ight in there with the good stuff about mass psychology.”
Fundamentals? Dennis doesn’t think they are essential to profitable trading:
“I guess I agree with the metaphysics of technical analysis that the fundamentals are discounted. You don’t get any profit from fundamental analysis; you get profit from buying and selling. So why stick with the appearance when you can go right to the reality of price…”
Tags: afterword
