Questions and Answers

Feedback in:

Michael, Can you recommend some simple, basic books that I can read to learn more about options, selling short and futures markets?
Thanks,
David Tigrett

Three books:

Option Volatility & Pricing: Advanced Trading Strategies and Techniques

The Futures Game: Who Wins, Who Loses, & Why

Trading and Exchanges: Market Microstructure for Practitioners

More resources here. Also in:

Dear Mr. Covel, Thank you for all the work you have done on trend following. It has changed my life and my career. As a 28 year veteran of the mainstream financial services industry, I have watched it devolve into nothing but a distribution network for the mutual fund industry. I have recommended your book to many of my clients and associates. I am amazed how many of my colleagues fail to embrace it. I have been using Metastock with great success in developing and executing a trend following system for my clients over the last two years. It helped me avoid most of the 2008 crash and it has us on the sidelines in the current sell-off. Attached is a marketing piece I developed for my trend following strategy with the help of Metastock using a trend following system.
Curtis Purington
St. Paul, MN

Thanks Curtis! Also in:

Michael, I’ve read both of your book numerous times in the last few years. I watched the movie “Broke”, and should be sending you a pic in front of my university soon. I finally took the next step, got some software, which included [trend] system[s]. I started tweaking it and backtesting it. I couldn’t believe the return I would have made in the last four years. We’re talking close to 700%! I opened a broker account, and I’m starting to trade a paper account for a few months before I use my own money. I just wanted to say thank you so much for all the info, and more importantly, the hope you have given us to capitalize on the regardless of who you are.
Vahe Michael Tascian

Thanks! Also in:

You must watch both of these videos. The topic is one of the most important in our history. It is about the debt bomb:

http://www.piie.com/events/event_detail.cfm?EventID=152&Media

Thanks. Sobering.

3 thoughts on “Questions and Answers

  1. Michael,

    If Curtis Purington does not have any objection, could you share the Marketing material he describes in his post with the readers of your site.

    Thanks

    Prashanth

  2. Re: the Niall Ferguson lecture (sobering, indeed).
    Astonishing that these intelligent, well-intentioned & credentialed men seem surprised at what’s happening: They’ve never read Mises? Hayek? Rothbard? Even “This Time It’s Different” from last year?
    How, also, could these hours of discussion never once mention currency dilution, fractional-reserve banking?
    Or, psychologically, the dynamics of compulsive indebtedness?
    i.e. the very factors that create the political decisions that lead to crashes?
    How about that political greed that assumed primary residences could never become “speculative” underlying assets, vulnerable to default?
    The remark about American working homeowners getting burned by 1970’s inflation was telling, as was its comparison to the 1920’s German situation.
    I think we’re still half-intoxicated, institutionally speaking; the hangover is only beginning to make heads ache.
    Thanks again to Mike Covel for helping us very average people find a way to make lots of money – hoping that we’re not on track to merely make lots of worthless money, which, in any case, may simply be taxed or confiscated away from us, along with any hard assets of value.
    Sigh…

  3. RE: letter above…by all means trade a practice account, but remember, it is absolutely not the same as putting your own money into a trade. The gremlins of “maybe it’ll come back tomorrow, so I won’t sell” infiltrate your brain when you use real money in a way they never do when back testing or trading paper accounts. Good Luck!!

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