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Trend Following: How Great Traders Make Millions in Up or Down Markets
book

Trend Following: How Great Traders Make Millions in Up or Down Markets

by Michael Covel
April 2004
Beginner
336 pages
8h 26m
English
Pearson
Content preview from Trend Following: How Great Traders Make Millions in Up or Down Markets

Chapter 8. Science of Trading

An interviewer asked Ann Druyan (Carl Sagan’s wife), “Didn’t [Sagan] want to believe?” She responded, “He didn’t want to believe. He wanted to know.”

 

“First principles, Clarice. Read Marcus Aurelius. Of each particular thing ask, ’What is it in itself? What is its nature?’”

 
 --Hannibal Lector[1]

Trend followers approach their trading as a science. They view the world like a physicist:

“The science of nature, or of natural objects; that branch of science which treats of the laws and properties of matter, and the forces acting upon it; especially, that department of natural science which treats of the causes that modify the general properties of bodies; natural philosophy.”—Webster’s[2]

 

If you can’t measure it, you probably ...

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Publisher Resources

ISBN: 0131446037Purchase book