BlogDecember 11, 2017Michael Covel

Who Is Right?

One windy day two monks were arguing about a flapping banner across the shore.

The first said, “I say the banner is moving, not the wind.”

The second said, “I say the wind is moving, not the banner.”

A third monk passed by and said, “The wind is not moving. The banner is not moving. Your minds are moving.”

More.

Note: Parable from Edward Allen Toppel. Toppel was an independent floor trader in the S&P 500 futures pit in the Chicago Mercantile Exchange. He has nearly 20 years of floor experience and has been a member of the Chicago Board Options Exchange and the Chicago Board of Trade. Prior to being a trader, he worked at Bear, Stearns & Company.


More from Michael Covel: Books · Podcast · Trend Following course

Learn the rules behind trend following, and the systems to apply them.

See the courses

Filed under Trend Following

Join Trend Following™ today.

Get the free trend following video and Michael's newsletter. Unsubscribe any time.