How Cool is That?

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Earlier today I was in a bookstore flipping through the new, expanded version of Trend Following to see what was in the new edition. (Here's my review of the original edition.) I almost fell over when I saw my name in the acknowledgments. Thanks for the shout out Michael! Now I have to buy that edition. :-)

Speaking of books, I've been pondering picking up one or both of 'Stock Trader's Almanac 2006' and 'The Almanac Investor: Profit from Market History and Seasonal Trends'. I know that Kirk is a big fan of the annual almanacs but I'm just not sure if they'd be useful to me -- especially in my day trading. Well today I noticed that Brett Steenbarger has reviewed both of the books (MS Word document).

My biggest concern with the info in these almanacs is that they'll bias me. I like the idea of forming my own opinion based on what I see in the charts. But maybe I'll pick up the 2006 almanac and see if I find it useful next year.

1 Comment

Mike I'd like your opinion on NDAQ. The fundamentals and the chart. Thank you.

check out my neighbors in meatspace


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Quoted

"The most important rule of trading is to play great defense, not great offense. Every day I assume every position I have is wrong. I know where my stop risk points are going to be. I do that so I can define my maximum possible draw down. Hopefully, I spend the rest of the day enjoying positions that are going in my direction. If they are going against me, then I have a game plan for getting out." ~ Paul Tudor Jones
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This page contains a single entry by Michael published on December 17, 2005 5:15 PM.

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