Where does one go for a smorgasboard of low risk ideas?
This question was asked by the same person who asked the last question, but it requires a totally different answer. Now that we discuss System Quality Numbers (TM) we are going to be rating all sorts of systems based upon their system quality numbers and we should have a good idea that will give you such a smorgasboard in about a year or so. In the meantime,
1) If you write a newsletter or have a long-term bent or run some sort of big portfolio, then value investing is the best idea (and Benjamin Graham is the classic source).
2) If you like trend following (as I do) then Michael Covel's book, Trend Following, is a good source.
3) If you like short term trading, then Tony Crabel, Jeff Cooper, and Larry Conners are good sources.
If you want the big picture on how to put it all together, then read the new edition of Trade Your Way to Financial Freedom and also do our Systems workshop.
Comments
Everything you have written in all your books can be summarized in one sentence:
(at least my interpretation of your message)
1) use only stops to entry positions and use reverse trailing stops all the time.
2) make sure you follow rule 1 all the time no matter what
I am a long term fan of your work, don`t think I am making fun of it. You have millions ways to reinforce this rules showing it in a subliminal way hundreds of times per book.
Regards,
Henrique
Porto - Portugal
Posted by: Henrique Moura SImoes | June 29, 2007 09:08 PM
Henrique,
Perhaps you should read Van's material again, if your takeaway is to always use stops, and that's all you got from it.
Regards..Kevin
Posted by: Kevin Thomsen | July 7, 2007 07:56 PM