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- June 22, 2010A Trader’s Self-Evaluation Checklist
Some key questions asked by Brett N. Steenbarger, Ph.D. in his ‘A Trader’s Self-Evaluation Checklist’? Are trading losses often followed by further trading losses? Do you end up losing money in ‘revenge…
- June 19, 2010Bernard Drury: “An Intrinsic Part of Trading”
Bernard Drury of Drury Capital writes in his May 10 newsletter: “While trading losses are never welcome, we know that encountering price corrections is an intrinsic part of trading these markets. As…
- June 17, 2010Wise Price Trading Words from William Eckhardt
From William Eckhardt: “An important feature of our approach is that we work almost exclusively with price, past and current. One reason for this is that to make any progress in the…
- June 5, 2010CNN Bias: Ali Velshi
Let’s be frank: Anyone giving a view to a significant audience is obliged to be truthful. Now, consider this excerpt from CNN today…noting the “angle” (and that’s being nice) that CNN reporter…
- May 28, 2010Survivorship Bias: An Academic Charade to Ignore Trend Following
From Wikipedia: “Survivorship bias is the logical error of concentrating on the people or things that “survived” some process and ignoring those that didn’t.” From the Wikipedia entry on me: “Critics of…
- May 24, 2010The 50 year Forecast? Ahem… Bullsh**
Feedback in: “Dear Michael Covel, I’m a financial professional analyzing the financial markets of any type. I’m working free, not dependent to ant company or institution. During last 6 months, I aware…
- May 23, 2010Financial Literacy: Not on the Horizon
Just saw this headline and article from Associated Press: New financial rules might not prevent next crisis. Sweeping financial overhaul will change many rules, but loopholes could allow another crisis. When you…