The following is an interview of Michael Covel by Trade2Win Content Editor John Forman. Michael is the author of the highly regarded book Trend Following, which makes a very strong case for the value of trend trading methods.
At the very beginning of your book you differentiate between traders and investors. Why is trading better than investing?
Thinking like a trader is the only way to profit in today's markets.
Investors buy and hold. Hoping that the market will continually move up, they buy long with no exit plan. They do not manage risk so they give up control. Traders, on the other hand, do not care whether the market goes up or down. They buy long or sell short and they always have an exit plan. They have predefined exit...
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Anyone who has studied point and figure charting will be aware of Kermit Zieg, who has published many articles and books on the subject. In this interview, George Hallmey met Kermit in his home near Washington and discussed with him his trading style.
In the interview, Kermit explains
Some of the history of point and figure charting.
The advantages of point and figure over other charting methods.
How he combines point and figure charting with an options strategy to swing trade US stocks.
How he selects stocks to trade.
The interview is provided in streaming video format below. If you have trouble viewing it, please download the interview instead.
George met Kermit as part of a series of 18 in depth inteviews with successful...
Steve Nison is a busy man. Ever since his first book "Japanese Candlestick Charting Techniques" was published in 1991 he has run his own advisory business, which gives trade recommendations to institutional investors and hedge funds. He is also one of the most respected teachers on trading the financial markets, and his seminars are always a sell-out wherever he goes. Since the publication of his first book he has written another two best sellers on
Candlestick analysis. His first book is affectionately known as the "modern-day bible" of trading.
Tom Hougaard caught up with Steve Nison during a quiet day in the market.
Tom Hougaard: How did it all start?
Steve Nison: 30 years ago I worked for a commodity broker and advisory service...