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Category: Holy Grails

Who Makes the Sausage? Ryan Vlastelica!

Posted on by Michael Covel

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Ever stop for a second to observe who makes the sausage? A headline written today by Reuters Ryan Vlastelica:

“NEW YORK (Reuters) – As a last-minute deal to resolve spending negotiations in Washington appeared less likely, U.S. stock investors braced for what had previously seemed remote: a shutdown of the U.S. government that could spark a major equity decline.”

That background of course allowed him to make a prediction of a major stock market decline.

Party on Garth.

Note: If you happen to be a much larger player in the media that immediately thinks I am unfairly picking on a young reporter — I could care less. The financial media matrix is gross from top to bottom. Plus, I pick on the top too.

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Buying on Rumor & Selling on Fact?

Posted on by Michael Covel

A quotation from a Yahoo Finance video with Sam Stovall–Chief Equity Strategist with S&P Capital IQ:

“In the near term we will end up buying on rumor, selling on fact.”

Sounds like a great plan.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Prediction is for ‘Suckas’

Posted on by Michael Covel

From The Huffington Post:

“According to a survey by Paola Sapienza and Luigi Zingales, effectively all economists agreed that stock prices are hard to predict. Only 59% of average Americans felt the same way.”

No surprise.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Manipulation, Talking Heads and Holy Grails

Posted on by Michael Covel

Once you see how the system is trying to manipulate you, you can’t go back to your old way of thinking. The talking heads and holy grails are everywhere you turn:

Michael, I saw this on the front page of the Yahoo finance page this morning and got a good laugh. After listening to your podcast I notice these little nuggets all the time.

Bill

Thanks Bill!

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Talking Loud and Saying Nothing

Posted on by Michael Covel

This email came in:

I am an avid listener of you podcast, I have read and seen much of your material and I have to say enjoy your controversial approach. I find it hilarious how you poke fun at the technical charting ‘fan base’, but like the many I have to say I would disagree that trend following is the only proven way. In short, I think we both agree risk management is the key to longevity whatever style you adopt, from many of the legends have been quoted that the style of trading is not the issue but finding a system which suits your personalty is critical. As 90 percent of any trade is psychological any system in the wrong hands is doomed to fail if executed emotionally even trend following. There are many famous technical traders all of which would have there profit and loss available to see from the same resources you produced when showing all the successful trend followers. I don’t think your argument towards the technicals is valid, but l do agree that trend following works and is a great trading strategy, l just think its a little naive to think its the only one. Keep up the good work, I really like your material.
Regards
James

Where is the data for the predictive technical analysis traders? Send me the decades of performance data. James Brown, and I say this with a smile, saw it:

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

The Criminal Mind of Forecasters Is About the “Strings”

Posted on by Michael Covel

From ZeroHedge:

An economic forecast is more like analysis of a criminal mind than evaluation of economic data.

From Alan Moore in his Watchmen:

We’re all puppets, Laurie. I’m just a puppet who can see the strings.

There, the playing field you face in easy synopsis. Now what?

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

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Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.

Falling Prey to The Wall Street Journal Spin

Posted on by Michael Covel

Received this request recently:

Hello, I would like to know your view on this article by John Taylor.

Thanks for the opportunity to clarify:

1. In my 4 books I address multiple historical instances where trend following was pronounced “dead”.

2. Trend following is not meant to be a currency only strategy. Diversification is mission critical.

3. Some trend following performance for comparison: https://www.trendfollowing.com/performance. Please keep eyes wide open to a longer time horizon v. the short-term focus of a WSJ reporter spin pen.

4. Taylor sounds as if he is using fundamentals to explain trend following strategy. Trend following is a systematic technical strategy. There is no fundamental usage.

How can you move forward immediately to Trend Following profits? My books and my Flagship Course and Systems are trusted options by clients in 70+ countries.

Also jump in:

• Trend Following Podcast Guests
• Frequently Asked Questions
• Performance
• Research
• Markets to Trade
• Crisis Times
• Trading Technology
• About Us

Trend Following is for beginners, students and pros in all countries. This is not day trading 5-minute bars, prediction or analyzing fundamentals–it’s Trend Following.