Oh, come on. The MW books are superior to Covel's TF book on so many levels. Schwager asked the kinds of questions of a heterogenous group of traders that a trader would ask. There was some real insight to be had in his books. And while I actually enjoyed Covel's Turtle Trader book for its historical account, his TF book was far too evangelical for my taste. And repetitive. Which is why I had repeatedly asked Covel if he was going to focus on new subject matter or only on more repetition.
If you want to <i>chime in</i> on Covel's books, can't you do so on Covel's thread(s) rather than polluting THE SURF REPORT? I assume an information professional such as you can figure out E'traders site navigation tools...
Very weak response. There is NO WAY my questions were specific in any stretch of the word---- I guess if you don't know the answers, that is fine-- just stop acting like you have something without providing even a modicum of evidence. If you are not a vendor, clearly you have been overly influenced by "vendor speak"-- at that you excel. Choosing to share as little or as much as you like ENDS once you make grandiose claims and attempt to create a aura of speciality around yourself. Let's see 10 contracts is small, leading one to believe you are a BSD. Worked for years on this, yet tease others without providing any evidence, condesending guru tone--- yeah it all adds up to STEALTH VENDOR--- otherwise, upon reading your posts, I can't figure out WHY you post. surf
I agree...MW books are the best out there, and are probably miles ahead of Covel's book.....but his book is definitely a must read for traders. I would put it 3rd behind MW I and II.
I don't tease others who aren't already asking for it based on their weak understanding of mkt dynamics coupled with an intense ego. As far as the 10 lot comment, yes 10 lot isn't that big to me but the way you talk about your uncanny accurate mkt calls, I would have assumed you were a bigger trader. No worries, I didn't give you any crap about it, just a normal line of questioning on the matter. You don't have to be so darn sensitive you know. PS Calling me a Stealth vendor is a personal attack...since I have no interest in doing anything but trading and chatting on ET.
This is contradictory. You have a very good "read" on the market--- implying an intuitive process You base your trade on "metrics"--- implying an objective process. what is it? a combination of both to appeal to the widest cross section of potential customers. You choose to post on the "surf report"-- therefore you will be taken to task with your pyschobabble apparently gleaned from books and seminars rather than the market itself. surf
I have traded for 2 hedge funds, worked as a professional options trader, interviewed dozens of marketwizard and hedgies types-- including Schonfeld , Schwager, and Robertson, was a member of the MTA, placed over $30 million with various traders who have demonstrative market edges, had my views published for 3 years daily on the front page of Yahoo Finance, been qouted in sources around the world, count many of the traders you read about as personal friends and have been trading since 1990. Yes, I see your point when you say my understanding is weak--- i dont know nuthing! Pleaseeeee teach meeeeeee guru What's your market background and what underlies your understanding?
Since, according to both you and Covel, the definition of a trend is no longer open to debate, what has changed? Should profits not be allowed to run any more? Should losses no longer be cut short? Does money management now take a back seat? Have I missed any of the bromides Covel "breezily ruminated" on in his first book? Does Covel's new TF book mean that the old one is "dated?"