Trend Following Research
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Quote from Dalmation:
No irony. Looks like covels already lifted words directly from elite/old website
s/ and other forums for a humorous section in the latest book. What a way to go down in trading history!
I wonder how your boss would feel if someone started a campaign on the internet and in all of the media outlets of reposting, en-mass, all of his flaming, snide, rude and argumentative remarks about his readers and book buyers right at the same time of his book release. Needless to say I would have to imagine that he wouldn't like it at all.
I have not spoken ill of Mr. Covel and don't plan on starting unless he instigates an attack. Why he feels the need to speak ill of me, many others on this site or anyone that disagrees with him in general is his own burden to bear. We do not agree on our aspects of trading or investing but I don't know of many that do completely agree.
I mentioned previously about acting like civil adults but I can see you personally are incapable of that. You continue to speak for Mr. Covel and since he is active on this thread and doesn't call you down for your comments I can only ascertain that he agrees with your position.
I'm sure many thanks would be owed to those starting such a campaign. Nothing but more book sales would result. Thank you for the grand idea! But I think Covel already had this idea along with the next book featuring more of ET's cranks and charlatans in detail. People should know better than to post some of this stuff in public or emails where it could end up in a national best seller. maybe you could gather these supposed remarks to make his research easier?
Covel apparently needs to rely on an annoying sycophant like you to create endless handles to puff his used car sales. Ironic that you speak of cranks when you can't even stick with one handle and abide by Elite Trader's Terms of Service, despite Baron's graciousness in letting you back in. I think that's a great one to put in the book, don't you, Goodboy?
A petulant little mudslinger of online gossip that showcases your integrity is sure to be a multimillion dollar Pulitzer winner.
I, for one, can't wait to get my hands on the new book. Lot's of insight and clever views from the best and brightest on the street. In addition to amusing anecdotes gleaned from elite's finest in their own words. Where is my review copy, MC?
surf
surf
Not all humans are capable of finding order in a given set of data.
Actually, most are very weak at this and quickly get frustrated when there is an anomaly.
A smart person sees that anomaly's are part of a trend. This maybe referred to as volatility ( I think).
Taking in to account that anomaly's (or a change in price direction) do produce, a smart trader would make sure that there are safety measures in place to accommodate for that.
People that go long are more effected by trends. They are willing to take the risk that prices may become "random". They are set in there ways that the trend will continue over a longer term then a scalper might assume a trend will continue.
I have yet to see a any chart that is random. I don't look at penny stocks that much. But in general the price of a chart is 99% of the time in the same range as the last price. there maybe a 10% change once in a while. But it is rare to see over a 50% change form one second to the next. This means that prices do gravitate to where they were. By my definition, this is a trend- a set of numbers that are not random and therefore have tendencies to follow a given set of rules.
Like randomly flipping a coin 100 times, everything has a trend. When looked at by the human mind that IS very good and capable of finding order in chaos and randomness this becomes clear.
Thats my 2 bit coins
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"If my detractors knew me better they would hate me even more."
Agree.
Agree.
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Quote from marketsurfer:
Where is my review copy, MC?
surf
I see hard cover copies for first time Monday...
BTW, moderating a panel with Ed Seykota and Larry Hite in Chicago June 21...stop by!