Archive
Author: Michael Covel
- February 26, 2010Who is John Galt?
Who is John Galt? “Happiness is not to be achieved at the command of emotional whims. Happiness is not the satisfaction of whatever irrational wishes you might blindly attempt to indulge. Happiness…
- February 23, 2010Busted flat in Baton Rouge… waiting for a train
Not all trend followers are the same and not all stick to their rules. A few years ago a young guy under the tutelage of a known and famed trend follower (not…
- February 21, 2010Toby Crabel’s Book – Day Trading With Short Term Price Patterns and Opening Range Breakout
A “reader” sent me a 20mb file last night. Turns out it was a scanned copy of Toby Crabel’s book “Day Trading With Short Term Price Patterns and Opening Range Breakout.” Toby…
- February 20, 2010It’s Not How Good You Are, It’s How Good You Want to Be
To the trend following skeptics who have whined up a storm here in the last week, I offer a quotation from Paul Arden: “Nearly all rich and powerful people are not notably…
- February 6, 2010Michael Covel Meets Mikhail Gorbachev: The Digging Story
An excerpt from my book The Complete TurtleTrader: Taking very little at face value is my modus operandi. In fact, since childhood I’ve challenged the accepted norms regarding access to the truth.…
- February 2, 2010Trading Numbers, Not Markets
An excerpt from my book The Complete TurtleTrader: Richard Dennis’s friend Tom Willis had learned long ago from Dennis why price, the philosophical underpinning of Donchian’s rule, was the only true metric…
- February 2, 2010Timeless Trend Trading Wisdom
In the 1954 work ‘New Blueprints for Gains in Stocks and Grains’ William Dunnigan stated: “We think that “forecasting” should be thought of in the light of measuring the direction of today’s…