Wise Random View « Michael Covel: Trend Following Manifesto

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Statistical Thinking | August 28th, 2004

“Most things in life are not like steam engines, but people treat them as if they were. Life in general, and markets in particular, involve large random factors, have complicated stochastic structures, and regularly spring nasty surprises. Their behaviour over short timespans may have so little significance as to be nothing but noise. Extrapolation is impossible or meaningless. Yet try as we might, we continue to see patterns where none exist, misunderstand the role of randomness, seek explanations for chance phenomena, and believe that we know more about the future than we do.”
Mark Wainwright
Plus Magazine

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"Over the last 15 years, through non-stop trading systems research and interviews with great traders, I have assembled the most unique trend following education available. My access to top traders has enabled me to teach trading rules found nowhere else and I pass those lessons along to students. My unique educational courses, which include proprietary trading systems, are designed to do one thing: give you the chance to make the big money."
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Marylebone Holdings, LTD. (d.b.a TurtleTrader®, TurtleTrader.com® & Trend Following℠) provides analytical tools, research and trading systems. Company programs are for trend following trading training and educational purposes only. Testimonials included may not represent typical results. Neither unique experiences, past performances, historical tests, nor included or accessible strategies constitute recommendations or guarantee future results. Users are solely responsible for selection of stocks, currencies, options, commodities, futures contracts, strategies, and monitoring their brokerage accounts. The Company, its subsidiaries, employees, and agents do not solicit or execute trades or give investment advice, and are not registered as brokers or advisors with any federal or state agency. For more information about commodities and futures trading, please see the Commodities Futures Trading Commissions web site at www.cftc.gov. Trading in forex, stocks, futures and options is speculative in nature and not appropriate for all investors. Investors should only use risk capital that they are prepared to lose when trading forex, stocks, futures, and options because there is always the risk of substantial loss. Clients should fully examine their own personal financial situation before trading. The names and logos for TurtleTrader®, TurtleTrader.com® & Trend Following℠ are registered trademarks of Marylebone Holdings, Ltd. (d.b.a TurtleTrader®). All names and logos are ® trademarks of TurtleTrader®. All content copyright ©1996-2010 TurtleTrader®. All rights reserved.

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