Archive
Author: Michael Covel
- July 23, 200525 Unwritten Rules of Management
Bill Swanson, CEO of Raytheon, wrote an unpublished book about management that seems to dovetail in many ways with great trading. Read the Business 2.0 article that broke open the “rules”: The…
- July 20, 2005Limit Parameter Control
From CSI’s Technical Journal: “Every process you consider [in a trading system] requires some level of decision-making control to force a market profit. Your trading algorithm should have at least one trigger…
- July 13, 2005Eclipse Capital Management: Trend Following Trader
Eclipse Capital Management, a prominent trend follower, recently authored a white paper addressing performance. Their key conclusion was a nice academic way of saying, “stay in for the long term and don’t…
- July 10, 2005Wisdom Found in the New Market Wizards Book
Always understand the risk/reward of the trade as it now stands, not as it existed when you put the position on. Some people say, “I was only playing with the market’s money.”…
- July 6, 2005Money Management Bullshit: Understand Position Sizing
I recently saw the following comment regarding money management: “Every system in our report uses very simple money management: Trade one contract per trading signal in the markets specified by the vendor…
- July 3, 2005Ed Seykota on Testing Trading Systems
Ed Seykota was recently asked: “I’ve got Excel on my computer…is it possible to make a good trading system on Excel or do I need to purchase…[a] sophisticated software program?” Seykota Answered:…
- July 1, 2005Citigroup View of Trend Trading
Citigroup View of Trend Trading: Read (PDF).