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Embrace Trend Following, Says Covel
- Thread starter marketsurfer
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More to the point, Covel wants you to embrace his books, seminars, videos, courses...
Embrace my ass as the French say. 
Ben Stein wrote a great book on buy and hold. You buy when indexes are below their 200 WEEK averages. You buy when everybody has sold and is probably still selling, you buy really good companies when the general market has dragged their price down, when the blood is in the streets. You don't just buy willy nilly and dollar cost average your life away and hope you started out at a good point.
Combine that with the 5-5-5 plan, put away 5% of your pay for 5 years when you are 25 and people would be fine. It's all this shitty advice and stuff coming out of the brokerages and experts that screws people over so royally... any of you young people that want to be traders should also be doing the triple 5 /Ben Stein thingy, it might work out for you really well..
Combine that with the 5-5-5 plan, put away 5% of your pay for 5 years when you are 25 and people would be fine. It's all this shitty advice and stuff coming out of the brokerages and experts that screws people over so royally... any of you young people that want to be traders should also be doing the triple 5 /Ben Stein thingy, it might work out for you really well..
Aw, come on. That's over the line.
I just watched the video. Am I mistaken, or is Covel the Bobby Jindal of trend following?
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If you are good at something, never do it for free. You might not like the fact that I have helped many people to understand and apply trend following, but that's alright. Our conversations now and again are good fun!
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Quote from Thunderdog:
I just watched the video. Am I mistaken, or is Covel the Bobby Jindal of trend following?
A dig at what you think my politics are? You might be surprised once you see my <a href="http://www.brokemovie.com">film</a>. Both parties are not my cup of tea.
No, not at your politics, although we have already had disagreements there. Don't you remember Jindal's televised response to Obama's speech?