The Surf Report--part 2
- Thread starter marketsurfer
- Start date
If that is so, and you continue to believe that trend following is "fatally flawed," then why are you endorsing Covel's new books?
(A fascinating study in contrasts, don't you think? I believe trend following is valid, in whatever manner the user may define it, based on his own empirical testing. However, I think that Covel's new books are likely just another trip to the trough, judging the the puff-piece quality of his first book on the subject, and his unwillingness to say what new insight he brings to the table that was not already covered in the first book.)
Yeah...I miss old/real hockey. These days it's like watching Ice Capades.
I started losing interest after the strike yrs ago....and have completely lost interest the last few yrs.
Give the days of Nick Fotiu, Bobby Nystrom, Clark Gillies,Dave Schultz, Bob Kelly.
Hell...The Islanders goalie, Billy Smith, was tougher than 99 % of the guys in the league now.
Battleship kelly was a hero of mine in 2nd grade.
Surf's view of Trend Following is confusing. On one hand he calls the strategy flawed....buy and hold. But then he praises Covel's book as one of the best.
Surf has finally seen the light recently and started trading WITH the trend...selling into sell-offs...etc. It's nice to see he finally agrees with me.....it brings a tear to my eye.....
As far as Covel's first book......it is a MUST read for any trader at any level. It's in my top 3 along with Market Wizards I and II.
No, I disagree. Although I disagree with the basic concept of trend following as taught by Covel, his books remain very insightful, well presented, and entertaining for those interested in such things. Your last sentence makes no sense. Would Stephen King tell you the ending of his books? Would a movie producer let the audience know the ending of the movie? It seems to me that you are merely trying to get free info by such an inane question. Lots of Freegans on this site, Are you one?
Furthermore, Covel is up front with who he is, what he does and what he sells. I have zero issues with anyone selling anything as long as its clear. My issue is with folks who troll around elite masquarading as winnings traders in an effort to "help" noobs. Particullarly if done in a clear vendor like manner that I have seen again and again--- We even have posters here insisting they are not vendors, when reality tells a different story. This is the issue--- not any of the legit vendors.
surf
Surf is 100 % dead on with this post.
These vendors selling "Powerful trading systems...Can't lose systems.....blah blah blah" are parasites. If they were so good why wouldn't they just trade their own money, or get a firm to back them? They can make a helluva lot more trading than collecting $99 a month fees from new traders. It's because their systems are for the most part a joke. They might say they are trading real money, but let's be real....they aren't.
The worst was the clown who traded dow futures. The dope would call out trades in a chat room after his price was hit and the position was profitable. But even that clown blew out....he was looking to make 5-6 ticks a trade, but give his losing positions 50 tick stops.
I would say that most to all of these vendors are frauds.
What's the "current sentiment" and how does one "ride the gyrations" ? "fighting the market"-- can't that be said only if you are losing-- makes no sense to me and Sounds like psychobabble----please explain in an actionable manner, in other words--how can this help someone? Too many vendor types saying these kind of vague statements. kindly clarify.
thanks
surf