Snide
Feedback from a reader:
Mr. Covel: I commented on one of your commentarys, you emailed me with a question, and I responded with was was really a half assed answer. First, your web site is much easier for me to navigate and view - cleaner; part of this is due to my older computer, slower speed, and less then good reception. Second, much of the commentary which you quote is helpful and germane, however, while some YOUR comments are also helpful, I find that too many are snide and totally uninformative; as though you’re playing to an audiance of “true believers” and you have to feed them a fish every so often - when that occurs you’re little better then the hacks and talking heads you disparage. I am a very rank amateur when it comes to investing/trading; very timid and rather feeling my way along. I am looking for information that will assist in how I go about what I do, and hopefully the info is void of any blarney - hard to find that. Thanks. John H.
I don’t understand why the truth needs to be sugar-coated John? Instead of throwing me generalities, wny not explain what the “snide” is and why you find it so?
chump Added:
June 29th, 2008 at 2:49 pm
This site provides great links and commentary for readers who are interested in trend following. I think most people that consistently read his blog are “true believers”/trend followers who like to stay informed by one of the few sites that is dedicated to the trend following world. I dont see anywhere on this site where he’s force feeding trading systems or “watchlists.” Covel has basically connected the average investor to the world of trendfollowing, so doesn’t make sense to continue to stay informed?
“while some YOUR comments are also helpful, I find that too many are snide and totally uninformative”
So why are you still here, something of value must have struck you?
jcm Added:
June 30th, 2008 at 1:12 pm
Even though I am completely WITH you on
the approach you advocate towards the market,
I still say there is PLENTY of snide in you.
You are bright enough to know when you are
being snide. Own up.
William Added:
June 30th, 2008 at 2:13 pm
How can I trade this snide?
Lloyd Added:
June 30th, 2008 at 3:10 pm
I am a beginner and feeling my way along also and I don’t mind the snide. I get so fed up with all the PC stuff going on today that I appreciate the no BS clarity. I just want to learn how to make money.
Bob Added:
June 30th, 2008 at 8:29 pm
I have read “Trend Following” three times. The first time I read Michael’s book, I think it is not practical since most of the frontal part is about some “legendary traders” who beat the S&P hundreds time in the long run instead of the way they acheive it.
The second time I read the book. I found that there are some “market philosophy” behind the story told. The attitute of the trader’s facing the market is the master key for trading success. Although trend following emphasize “system trading”, it is utmost important to have the basic philosophy of a successful trader to achieve the “edge” of winning.
“One can’t see well except with your heart, the essential is invisible to the eyes” - the little prince
Alexander Added:
June 30th, 2008 at 9:06 pm
Michael’s style is one of the reasons why people visit his site and listen to his podcasts - he’s to the point and without nonsense and that’s the philosophy of trend following.
Alex Added:
June 30th, 2008 at 10:20 pm
What Alexander said is absolutely true: “he’s to the point and without nonsense and that’s the philosophy of trend following.” I guess that is what M.Covel trying to tell us all the time.
Greg Cardelli Added:
July 1st, 2008 at 9:01 am
There are phases a trader goes through in order to become successful. The first phase is the beginners phase where they are trying to learn the basics. The next phase is the one where they need to ‘pay their dues’ in their search for success in the markets. The phase where you get beat up a little so you respect the market. Where you learn trading is the hardest way to make an easy living.
I believe a trader needs to pass through those phases before they can understand the true value of what Michael’s website can do for them. I know if I read Michael’s books when I was in any of the first two phases, I would have dismissed the book as useless.
I turned the corner in becoming profitable in my trading after I read Trend Following book. For me, it is the ‘bible’ in my trading library.
James O. Rohrbach Added:
July 2nd, 2008 at 8:09 pm
Michael: I love what you do. Some may question your approach, but then most people haven’t the slightest idea of how to become a trend follower. I have been timing the market successfully for 38 years, and I am consistently ranked as one of the Top Ten Timers in the country. I speak at Money Shows and colleges and I find that the average investor can not recognize good advice when they see it. “If you can’t tell the difference between good advice and bad advice, you need some advice.” Anon