Archive
Author: Michael Covel
- March 24, 2010Transductive Reasoning
Feedback: “Hi Michael, I’m sitting in a class on cognitive psychology and there is a term the professor has introduced called transductive reasoning. Here’s an example: A child hears a dog bark…
- March 23, 2010Close Enough to the North Pole
An excerpt from my Turtle book that I like: No matter what ‘price’ is the variable that the great traders have lived and died by for decades. Making trading decisions more complicated…
- March 23, 2010Silly Rabbit, Trix Are for Kids
A question posted recently here on my blog: “What value do individual traders provide society with? I can understand that fund managers earn fees by helping clients earn profits. But what about…
- March 19, 2010You Don’t Need to Understand Electricity to Use It
A Friday thought… No one can predict a market trend, you can only react to them! Trend following never anticipates the beginning or end of a trend. It only acts when the…
- March 9, 2010Nicholas Darvas: Trend Trader
From a Time Magazine article in 1959: Darvas places his buy orders for levels that he considers breakout points on the upside. At the same time, he places a stop-loss sell order…
- March 1, 2010Goldline Starting to Tarnish
I just called the Goldline guys. First thing I asked, “If I buy gold from you when do I ever sell?” The punk on the phone (and that is being charitable) said:…
- February 27, 2010The Long Term Life Risk of Sticking to Safe Bets and Investments
Recently the TV hit me with an ad playing in the background. All I heard was: “If you are like most your retirement dreams have seen better days.” If I had a…